G-20 leaders agree to phase out fossil fuel subsidies. What does that mean? We-ellll. You could read the article that the link goes to OR you could just continue reading my blog. :) Fossil fuel subsidies is basically money given to oil companies (through tax deductions or money transfers) so they can find more oil. The issue with that is that 1. there isn't much in the way of oil left to find and 2. the use of fossil fuels is ruining our environment and creating a big hole in the ozone layer (which is bad, very bad). So, if this agreement is actually followed, oil companies can say "bye-bye!" to their free money.