Wasteful subsidies for me and thee, not for that fossil guy behind the tree

Published August 3, 2017 4:01am ET



Sometimes leftist environmentalists have a point. For instance, they argue that oil subsidies are wasteful and should be abolished. Unfortunately, they typically pollute their sound argument with gross inconsistency and unwarranted alarmism.

Oil Change International, a group of mainstream leftist environmental pressure organizations, has published two recent papers complaining that the G20 governments, through international and national development banks, continue to finance fossil-fuel projects around the world, with insufficient subsidies for “clean energy,” defined as renewables not including hydro and some others. The group explains the rationale for its prescription as follows: “The best available science shows an urgent need to keep global temperature increases below 1.5°C to avoid severe disruptions to people and ecosystems.”

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