5,000 signatures reached
To: The Prime Minister
Cut fossil fuel subsidies, not foreign aid, for flood victims relief
Dear Prime Minister,
Instead of ditching vital Foreign Aid like the Daily Mail petition suggests, why not cut the billions spent on the UK's fossil fuel subsidies and use the money for the relief of flood victims?
Why is this important?
The Parliamentary Environmental Audit Committee says that we are spending £12 billion a year on energy subsidies - more than what is spent on Foreign Aid. The vast majority of these subsidies go to the already massively profitable fossil fuel and nuclear industries. In 2012, Shell alone reported profits of £18 billion.
These fossil fuel subsidies are widely recognized as being a massive hindrance in dealing effectively with climate change, and climate change is increasing the intensity and frequency of the extreme weather events that have created so much misery in the UK through flooding.
Ending fossil fuel subsidies would not only free up money that could be used to assist the victims of flooding, it would also be addressing the conditions that are making the floods so much worse.
In November 2012 George Osborne signed a communiqué in Mexico City, alongside other G20 finance ministers, which promised to “rationalize and phase-out over the medium-term inefficient fossil fuel subsidies that encourage wasteful consumption”. Now would be the perfect time to start.