As we approach the Paris climate talks and a turning point where the transition to a low-carbon future becomes inevitable, it is becoming ever more clear that fossil fuel subsidies, which we know both hinder the development of low carbon solutions and disproportionately benefit the well-off in society, need to be put in the past. I am delighted that together with the other members of the Corporate Leaders Group on Climate Change, we have the opportunity to endorse the Friends of Fossil Fuel Subsidy Reform Communiqué and add our voice to this critical issue.