Through tax credits, US taxpayers will pay a third of BPâs expenses from the Gulf oil disaster. This a drop in the bucket compared to the over half a trillion dollars in consumption subsidies for fossil fuels worldwide in 2008. A recent report identifies those subsidies and how they lead to wasteful overconsumptionâbut they neglected to consider the impact of peak oil.
Produced by Relocalizing Vermont Productions. Theme music by Pete Sutherland; voiceover by Jo Chickering.
Free for non-commercial use. Contact me for conditions for commercial use. Please email me at relocalizingvermont@REMOVE_THISyahoo.com if you broadcast it. Thanks!