Subsidies rise to $470bn despite deal to phase them out Fossil fuel subsidies worldwide rose to least $470bn in 2010, according to analysts at the OECD and the International Energy Agency. In 2009, G20 member countries agreed to cut fossil fuel subsidies, to foster green growth and to avoid encouraging overconsumption. But the subsidies i...
STOCKHOLM (Reuters) - The Group of 20 nations must agree coordinated action to ease worries about food prices as they account for most of the production of the crops at the ce...