Fossil Fuel Subsidies Must End

Just Stop Oil on 20th day of action in London

“Our government is criminally incompetent and morally bankrupt. They are actively seeking to accelerate fossil fuel production, which will kill millons of people, while failing to address the worst cost of living crisis this country has ever seen."

 

Although British Petroleum has been a privately owned corporation since 1979, when Margaret Thatcher reduced the government's stake to 46%, it still enjoys generous subsidies.

It's effective tax rate is NEGATIVE 54%. This is completely unsustainable and comes at a time when governments should be supporting alternatives, rather that speed the destruction of the planet.

In a press release today, A spokesperson for Just Stop Oil said:

“Our government is criminally incompetent and morally bankrupt. They are actively seeking to accelerate fossil fuel production, which will kill millons of people, while failing to address the worst cost of living crisis this country has ever seen. Vulnerable people will be freezing to death in their homes this winter, while the government refuses to tax the rich and the big energy companies that are profiting from our misery.

We owe it to our young people to stop fossil fuels, we owe it to our workers to create a just transition to a zero carbon economy, we owe it to our old people to enable them to live with dignity. We need to rapidly reduce the demand for fossil fuel energy through a massive programme of renewables, insulation and free public transport paid for by taxing the fossil fuel companies obscene profits, and the rich who avoid paying their fair share.”