Obama wants worldwide end of fossil fuel subsidies

WASHINGTON

“Later this week, I will work with my colleagues at the G-20 to phase out fossil fuel subsidies so that we can better address our climate challenge,” Obama said Tuesday at the United Nations global warming summit.

Mike Froman, Obama’s national security adviser for economic affairs, said the main value of the proposal would be if it were multilateral. He declined to say if Obama was willing to go it alone and try to eliminate such subsidies just in the United States.

AP