In Egypt, the top 20 per cent wage earners get 33 per cent of the energy subsidies, against 3.8 per cent for the poorest families. For gasoline, 93 per cent of the subsidies go to the rich.
How "rich" are the top 20% in Egypt? I'd bet that even 90% of the top 10% are middle class by American standards.
The subsidies also distort the economy by encouraging waste and holding up investment in renewable energy, the report said.
So what they want to sell them is hugely expensive Green Energy (in which the big players hold stock)! See tag line.
Exactly! This is a UN global warmist screed.