Tax fossil fuel companies 'feasting' on profits as 'planet burns' and power bills soar, UN chief urges | CNN Business

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UN chief calls for tax on fossil fuel companies 'feasting' on profits as 'planet burns' and power bills soar

The UN chief accused energy giants of “feasting on hundreds of billions of dollars in subsidies and windfall profits while household budgets shrink and our planet burns.” Guterres’ comments, at the UN General Assembly in New York, come on the heels of a European Union proposal to introduce a windfall tax on oil, gas and coal companies, many of which have reported record-high profits as Russia’s war in Ukraine and an energy crunch send prices soaring.

More than 300 people have died in floods in Nigeria this year, disaster management authorities there say. Typhoons and hurricanes have brought floods to Puerto Rico, the Dominican Republic and Japan this week. Drought is impacting vast swathes of the United States, China and Europe. Record profits, rising inequality Guterres warned that a “winter of global discontent is on the horizon,” with inequality “exploding” and the cost-of-living crisis “raging” while the planet burns.

 

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To the EU and its countries, which have been supporting the PKK, Daesh and Fetö terrorist organizations with terror attacking for forty years and the showing every illegitimate behavior against Türkiye; why would Türkiye be so eager to supply Europe with natural gas? NordStream

If you're reading this, it probably means you deserve this shit. biden and his minions have lead us to the promise land but it's not for you, sucker.

Ha,HA,Ha Just like biden, point the finger at any and everyone else, and the zombies cheer.

Why you give visa to Rayssi

what ever happened to supply and demand, just healthy competition like before 2020, we know what happened but it is reversible

UN chief, please learn and know that any further taxation on Oil companies will negatively impact on ordinary citizens resulting into further economic chaos. Taxes are transferred to the pumps therefore Oil companies do not feel it. Concentrate on stopping the cause ie war.

مهساامینی

FrankDangelo23 Climate scam

If Poetin is afread of the West for eventually using Nuclear weapons, although this is not true at all, that the West would, means that Poetin is afread of Nuclear weapons, then I am almost certain thatPoetin is also afread of his own Nuclear weapons in general and will not use..

America has to war with china if it continues to use fossil fuels. The white rich elites must sacrifice some of their investments in China. A one nation policy is racist and against diversity. Wall Street must declare war on 🇨🇳! General Schumer n Bernie will lead wall street army

Yeah, like that tax want be passed on to the pump…

We ought to tax all the rich private planes, yachts and mansions. Should even ground those planes and yachts so they can't waste fuel and pollute.

Ok. Jump in your carbon junky jet and fly home.

A man the world should listen too.

Interesting how 2,500 people each year show up and stay over for a wine and culinary experience at Martha’s Vineyard ! Yet no room for 50 Minority Migrants ! 😢

Absolutely correct! The gas stations are playing daily game “Guess what the Price tomorrow”? It’s complete abuse of subjected customers! It’s like $3,78, next day $3,99, $4,08,$4,19. But Chevron, Exxon it’s $4,99, $5,48 and up!

Idiot

Not a problem he should be devoting any of his time to …

Mahsa_Amini was the 22 year-old Iranian girl who was brutally murdered for what they call Improper Hijab by morality Police. Hear us out. Be our voice. Today it is Mahsa, Tomrrow it can be any of us. مهسا_امینی

Ummmmm you don’t think that tax will be passed onto the consumer?!? How about nailing them on the price fixing they’ve been doing for years!!!! Oh wait, that would cut into the profits the governments already make off the existing taxes!

👏🏻👏🏻👏🏻👏🏻👏🏻👏🏻👏🏻👏🏻👏🏻

Democrats main platform: pay us more money to make yourselves feel good

Or....tell the power commanies to cut prices. Let the people keep this money.

If you tax them they just will raise prices exacerbating Shooting oneself in the foot is never a good idea but nice political theater for the ignorant

Power bills soaring because liberal environmentalists won’t allow more power plants. Doesn’t matter how “clean” they are.

Totally agree

The UN serves no purpose.

They will just pass it on to the consumers

People...invest in oil free ESG's...us your pocket book power to change the future.

Just wait for winter … when America cuts back on oil production and they buy from overseas creates a shortage and high prices for other country’s … comon sense , maybe thats why rest of the world dislike Biden

Put aside the planet burning for a second because 1) it’s not, and 2) no one really knows what all causes the climate to change, this genius and his minions are the reason why power bills are soaring, and now they’re trying to make it worse by further increasing costs…brilliant.

The UN is a complete joke.

'Small good word' from Gutetes. The polluters have to pay for destroying the Earth.

Power bills are soaring because of the war on fossil fuels

planet burns ? dont worry a tax will fix it

Orrrrrrrrr ... You could encourage increasing supply? Naah ... that's crazy talk! 😠

Stop subsidizing so much, wouldn't that be an ipso facto tax.

This is rich… taxin ev suppliers would have the same result hahaha

Good luck finding a consensus on that! Dreamer!

where's the lie

😂😂😂😂😂

The UN and wef ✂️ing 🤡🤡🤡🤡🤡s

Lol

Sure, that’ll make energy cheaper for the average citizen 🙄

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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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