Fossil fuel

RECENT NEWS
Sydney Morning Herald  Oct 24  Comment 
PRESIDENT Barack Obama said ''a consensus is growing'' in the United States that the nation must move away from fossil fuels as he urged Congress to pass comprehensive energy and climate legislation.
The Economic Times  Oct 20  Comment 
Burning of fossil fuels is associated with huge costs not taken into account.
Sydney Morning Herald  Sep 27  Comment 
WASHINGTON: The Government and the Opposition have both rushed to stress that the G20's agreement to end billions of dollars' worth of global subsidies on fossil fuels will have no effect on Australia.
Sydney Morning Herald  Sep 25  Comment 
Leaders of emerging and developed nations have agreed to a US plan to phase out government subsidies for fossil fuel blamed for global warming, a joint statement says.
Financial Times  Sep 23  Comment 
The Group of 20 will discuss phasing out fossil fuel subsidies at its meeting, in a move that will delight the low-carbon energy sector, which has long complained of the distorting effects of such assistance
New York Times  Jun 4  Comment 
From Green Inc.: Global investors spent about $250 billion building new power capacity in 2008, and for the first time the lion's share of that money went to renewable sources.
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Fossil Fuels are derived from the preserved remains of plants and animals that have been exposed to heat and pressure in the Earth's crust. They form the backbone of the energy industry and are non-renewable resources that are currently being depleted faster than they are being formed. The main fossil fuels are:

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