Fossil Fuel Subsidies to Hit $1 Trillion in War’s Energy Price Shock, UN Says

The US Treasury Department in Washington, DC, US, on Friday, April 17, 2026. The Federal Reserve said Monday it will buy about $25 billion of Treasury bills each month, a greater wind down than anticipated of a program that was meant to ease short-term funding costs by rebuilding reserves in the financial system. Photographer: Alex Wroblewski/Bloomberg