Addressing world leaders at the 193-member U.N. General Assembly, the climate activist secretary-general stepped up his attacks on oil and gas companies, which have seen their profits explode by tens of billions of dollars this year.
"Those funds should be redirected in two ways: to countries suffering loss and damage caused by the climate crisis; and to people struggling with rising food and energy prices," he told the annual gathering of world leaders in New York. Britain has passed a 25% windfall tax on oil and gas producers in the North Sea, while the European Union plans to raise more than 140 billion euros to shield consumers from soaring energy prices by taxing windfall profits from oil companies and electric generators. U.S. Democratic lawmakers have discussed a similar idea, though it faces long odds in a divided Congress.
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Polluters must pay, says U.N. chief, urges taxes to help climate victimsU.N. chief Antonio Guterres on Tuesday urged rich countries to tax windfall profits of fossil fuel companies and use that money to help countries harmed by the climate crisis and people who are struggling with rising food and energy prices. It’s all about money. Grifters, liars Get. Fucked. I suspect that if a basement price for oil was established then the industry would be agreeable to a ceiling as well. But it is always a cry for a “windfall profits tax” when prices are high but “it is up to shareholders to take the losses”when prices are low
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Tax fossil fuel companies 'feasting' on profits, UN chief urgesRich economies should hit oil and gas companies with new windfall taxes to provide help for countries suffering from climate change, and people struggling with soaring energy and food bills, UN Secretary General António Guterres said Tuesday. They'll just raise the prices more. Any tax, fee, penalty or payment you impose upon fossil fuel companies will just be passed on to the consumer driving prices higher. Just the thought of higher taxes creating a lower bonus could cause a CEO to increase prices 5% or more overnight. Shut your mouth… taxing these companies meant passing the tax to consumers… better nationalise them to get red of profiteers and bogus taxes
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Fuel firms should pay for climate harm, UN leaders toldRich energy companies should be forced to fork over some windfall profits to aid victims of climate change and offset rising fuel and food costs, the U.N. secretary-general told world leaders Tuesday.
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