G20 Communiqué Meeting of Finance Ministers and Central Bank Governors, Busan, Republic of Korea, 5 June 2010

“9. We welcome the strategies and timetables provided by many G20 members for rationalizing and phasing out inefficient fossil fuel subsidies that encourage wasteful consumption. We are discussing the final report by the IEA, OPEC, OECD and World Bank on the analysis of the scope of energy subsidies and suggestions for the implementation of the Pittsburgh commitment.”