US Leads Way In Public Spending On False Climate Solutions
Among the world’s wealthiest countries, the U.S. leads the way in spending public money on so-called climate “solutions” that have been proven to “consistently fail, overspend, or underperform,” according to an analysis released Thursday by the research and advocacy group Oil Change International.
The group’s report, titled Funding Failure, focuses on international spending on carbon capture and fossil-based hydrogen subsidies, which continues despite ample data showing that the technological fixes have “failed to make a dent in carbon emissions” after 50 years of research and development.