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The world spends an astounding US$423 billion annually to subsidize fossil fuels for consumers – oil, electricity that is generated by the burning of other fossil fuels, gas, and coal.  The amount spent directly on these subsidies could pay for three times the annual amount needed to eradicate global extreme poverty.  “We’re really playing a crazy game here with the atmosphere and the oceans.  We’re taking vast amounts of carbon from deep underground and putting this in the atmosphere — this is crazy.  We should not do this.  It’s very dangerous.”  says Elon Musk about the subject.

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