Part 4/10:
According to the Environmental and Energy Study Institute (EESI), direct subsidies for the fossil fuel industry in the United States reach about $20 billion annually, with over 80% of this directed towards natural gas and crude oil. These figures only scratch the surface, as including hidden costs related to environmental damage and public health pushes the total subsidies for fossil fuels in the U.S. closer to $750 billion for 2022. On a global scale, fossil fuel consumption subsidies surged past $1 trillion, a staggering figure that highlights the imbalance in how industries are supported.