Backs to the wall: Oil exporting countries double down on fossil fuel subsidies

Energy producers disconnect from their decarbonising customers by channelling Covid-19 stimulus funds into gas, oil and coal

Fossil fuel-exporting countries are losing touch with their customers. As major import-reliant economies in Europe and Asia funnel large pots of Covid-19 stimulus funding into cleaner sources of energy, the suppliers that they still depend upon for natural gas, oil and coal are doubling down on fossil fuel subsidies—in the hope of keeping their flagship…