UNITED NATIONS — The United Nations chief sharply criticized the"grotesque greed" of oil and gas companies on Wednesday for making record profits from the energy crisis on the back of the world's poorest people"while destroying our only home."
Guterres urged people everywhere to message 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." The crisis group has already presented recommendations on food and finance and Guterres said he believes"we are making some progress" in those areas, especially on food.
"But that doesn't mean that bread in the bakery is at the same price before the war, because these are quotations in wholesale markets, some of them related to futures," he said, and there are a lot of other factors contributing to rising prices including transportation and insurance costs and supply chain disruptions.
In another key recommendation, the crisis group urges richer developed countries, especially, to conserve energy including by reducing air conditioning and heating use and by promoting public transport"and nature-based solutions."
Let's take a look at his stock portfolio and corporate sponsors then.....