UPDATE JUNE 29 | Reuters AlertNet invited me to write an extended blog post on this, which you can now read here: G-20 misses opportunity to tackle world's dependence on fossil fuels. My original post is below.
The oil disaster in the Gulf of Mexico should have been a call to action for the G-20 leaders meeting in Toronto to take serious steps to begin immediate reductions in the world's dependence on fossil fuels and encourage a more rapid move to clean energy technology and jobs.
While the G-20 leaders deserve some credit for not backtracking on urging nations to phase out wasteful fossil fuel subsidies in the medium term, world leaders once again missed a critical opportunity to seriously tackle the world's dependence on fossil fuels or to encourage a more rapid move to clean energy technology and jobs.
There is no way we can watch the BP oil disaster in the Gulf of Mexico and consider it rational policy that most developed nations continue to reward oil companies with tax breaks and other subsidies.