Blue & Green Daily: Tuesday 19 May headlines
Blue & Green Daily finds and summarises the top sustainability stories around the web every morning. We start with our own picks from Blue & Green Tomorrow.
19 May headlines
Fossil fuels receive $10m a minute in subsidies
A new report in published by the International Monetary Fund claims that the global fossil fuel industry receives an annual subsidy of $5.3 trillion, which equates to $10m per minute. The estimates for 2015 are set to be more than total spending on health. Guardian
Pay bankers the same as civil servants, says former Tory strategist
David Cameron’s former director of strategy Steve Hilton has called on the government to introduce rules that would see bankers paid a similar salary as civil servants. If implemented, the measures would see multimillion pound pay packets to between £100,000 and £200,000. BBC
Deutsche Bank prepares for UK exit from the EU
Deutsche Bank has set up a working group to consider whether it should move its British divisions to Germany in the event of the UK leaving the European Union. David Cameron is expected to publish the referendum bill following the Queen’s speech, but there have been calls to speed up the EU referendum over concerns of uncertainty. BBC
Varoufakis: Greek deal with creditors within the next week
The Greek finance minister Yanis Varoufakis has said that he expects a deal to be struck between the Greek government and its creditors. The comments come as the country is vastly running out of money and is expected to meet a payment of €1.5bn at the beginning of June.
Photo: Photo: Freedee via Freeimages
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