Oil and gas companies making record profits during energy crisis is 'immoral', says UN Chief | JOE.ie

Oil and gas companies making record profits during energy crisis is "immoral", says UN ChiefHe said this"grotesque greed" is punishing the poorest people on the planet, as well as the planet itself.

The United Nations Secretary-General has said it is"immoral" for oil and gas companies to be making record profits from the current energy crisis.Speaking at the launch of a UN report in New York on Wednesday , António Guterres added that such gains were made on"the back of the poorest people and communities and at a massive cost to the climate".

He then urged all Governments to tax such"excessive profits" and to then use the funds to support the most vulnerable people"through these difficult times". "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 - the planet," he said.The combined profits of the largest energy companies in the first quarter of this year are close to $100 billion.

This grotesque greed of the fossil fuel industry and their financiers is punishing the poorest and most vulnerable people, while destroying our only home.

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