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Economics

The Influence of Lobbying on Energy Policy in Industrialized Nations

Quick fact

Fossil fuel interests outspend renewable energy advocates on lobbying by roughly 400% in the United States, and globally governments still provide about $7 trillion per year in explicit and implicit fossil fuel subsidies according to the IMF.

Why this is interesting

You've probably heard that the oil and gas industry spends millions on lobbying—but did you know that in the US and Europe, this spending often outpaces the budgets of the government agencies that regulate them? How can a single industry shape the rules that are supposed to govern it?