Dear Exalted Ruler, you have mail from the OECD and the IEA. They want you and other world leaders to cut out the billions of dollars you waste each year on fossil fuel subsidies. Yes, your Grace, that means the Tar Sands too.
The Organization for Economic Cooperation and Development and the International Energy Agency Tuesday urged governments world-wide to cut billions of dollars in fossil-fuel subsidies, arguing the rollbacks would bolster sagging government budgets while cutting wasteful energy use and carbon emissions.
A group of 24 industrialized countries now spends $45 billion to $75 billion annually on more than 250 support measures to producers and consumers, according to a report released Tuesday by the OECD.The estimated price tag is even bigger for emerging countries: A group of 37 mostly developing countries studied by the IEA spent $409 billion in 2010 on fossil-fuel-consumption subsidies, according to IEA data.
And by subsidies, your Magesty, we must include all the free freshwater we let Big Oil take. As you may know, Canada is one of the few places around the world that continues to treat this sort of water as free. Put a realistic fair market value on that natural treasure and send Big Oil an invoice.
It's high time to stomp out this sort of socialist gladhanding, don't you think Steve?