BBC News – Fossil fuel promises are being broken, report says.
World governments have been breaking promises to phase out subsidies for fossil fuels, a report says.
The Overseas Development Institute says G20 nations spent almost £56bn ($90bn) a year finding oil, gas and coal.
It comes despite evidence that two thirds of existing reserves must be left in the ground if the world is to avoid dangerous climate change.
A government spokesman said the North Sea oil and gas industry “creates jobs and generates investment” in the UK.
The spokesman said the tax regime for oil and gas includes a number of allowances which reduce the tax burden on specific, challenging gas or oil fields.
Allowances did not constitute a subsidy, he added.
The UK government has previously said it was helping firms find fossil fuels within the UK to increase energy security, attract royalties and help with the balance of payments.
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