French Foreign Minister Calls for End to Public Fossil Fuel Subsidies

(Le Figaro, Paris, 6 July 2014) The French Minister of Foreign Affairs and International Development has called for an end to public subsidies for fossil fuels. After warning that our addiction to fossil fuels will destroy more wealth than it creates, he called on public and private investors to switch their investments from fossil fuels to renewable energy, and for companies to report their carbon emissions in order to make them a major factor in the choice of investments.