Fossil fuel subsidies must end, says Indian Microfinace firm – 1 June 2012, The UK Guardian

Governments must end subsidies for fossil fuels and focus instead on supporting renewable energy sources, the executive director of an award-winning microfinance organisation said this week. Speaking to the Guardian, LH Manjunath, from Shri Kshetra Dharmasthala Rural Development Project (SKDRDP) in southern India, which provides consumer loans for energy projects, said: “Most fossil fuels are subsidised. The [Indian] government is spending millions on subsidies. It must stop all subsidies for fossil fuels and increase the number for clean energy.”