Groups to Obama: Don't Cede Climate to TTIP or Fossil Fuel Subsidies

October 2, 2020 0 By JohnValbyNation

Environmental groups on Thursday sent an open letter to President Barack Obama warning him that the controversial Transatlantic Trade and Investment Partnership (TTIP) threatens to upend his climate legacy.

The letter (pdf), released ahead of the upcoming Group of 20 (G20) summit in Hangzhou, China, calls on Obama to protect the 2008 G20 commitment to phase out “inefficient fossil fuel subsidies that encourage wasteful consumption” by opposing the TTIP.

If approved, the U.S.-European Union trade deal would allow G20 counties to “maintain fossil fuel subsidies for ‘economic’ or ‘security of supply’ reasons,” and would “encourage industry self-regulation rather than actually requiring firms to increase energy efficiency,” the letter states.

“Instead of undermining important climate agreements and goals, trade deals should move us towards the end of fossil fuel subsidies that is needed to avoid the worst impacts of climate change,” it continues.

The signatories to the letter include the Center for Biological Diversity, the Center for International Environmental Law, Friends of the Earth, Greenpeace, and the Institute for Policy Studies.