G20 nations funding fossil fuel exploration The G20 group of leading economies spend about $88 billion each year on fossil fuel exploration, increasing the risk of “dangerous climatechange”, according to a report by the Overseas Development Institute -------------------------- OIL AND GAS EXPLORATION EXPENDITURE IN G20 COUNTRIES (public and private), $ billions, 2013 Canada 7.0 United States 35.0 Mexico 2.6 Brazil 12.0 Argentina 1.3 Russia 3.8 China 12.0 Japan 0.02 Korea 0.01 Indonesia 2.2 Australia 4.3 United Kingdom 2.4 Germany 0.08 France 0.04 Italy 0.2 Turkey 0.15 South Africa 1.0 India 3.5 Saudi Arabia 0.8 Data includes all G20 members except European Union. All figures approximate --------------------------------- Sources: ODI and Oil Change International, Rystad Energy words 122