U.N. chief urges tax on 'grotesque greed' of oil, gas companies

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United Nations Secretary-General Antonio Guterres on Wednesday slammed the 'grotesque greed' of oil and gas companies and their financial backers and urged governments globally to 'tax these excessive profits' to support the most vulnerable people.

"I urge all governments to tax these excessive profits, and use the funds to support the most vulnerable people through these difficult times," Guterres said.

"And I urge people everywhere to send a clear message to the fossil fuel industry and their financiers: that this grotesque greed is punishing the poorest and most vulnerable people, while destroying our only common home," he said.

 

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Most govs probably should do more like setting up certain profitLimits (not just a tax on anything above the limit) and/or nationalizing these companies (/ putting them under some reasonable form of public/state control).

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