Negative oil prices are an opportunity to move to a healthier, greener economy in the world – Gulf Today

Negative oil prices are an opportunity to move to a healthier, greener economy in the world – Gulf Today

The price of oil has gone south of zero, with lockdown measures around the world drying up demand.. We could remove fossil fuel subsidies too, which costs British taxpayers billions each year to prop up an industry that needs to become a relic of the past.. Clean renewable energy must be at the heart of this recovery plan, stimulating a section of the economy that will help us lead on our international commitments and bring us in line with our planetary boundaries.. The recovery plan must also meet people's immediate needs and provide a jobs guarantee, rent controls and support for the many workers, including those in the fossil fuel industry who are about to be left in the lurch, while oil executives will most likely retire with exorbitant pay-offs..