Business Maverick: Ukraine: UN’s chief blasts ‘immoral’ oil and gas profits

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United Nations secretary-general António Guterres skewered global energy companies, saying it’s “immoral for oil and gas companies to be making record profits from this energy crisis” spawned by the war in Ukraine. He called for nations to impose excess...

The US Senate ratified adding Sweden and Finland to the North Atlantic Treaty Organization, a move intended to bolster the military alliance after Russia’s invasion of Ukraine.

“If Russia really wants to end up the war, it would not withdraw its reserves to the south of Ukraine and would not produce mass graves of murdered innocent people on Ukrainian territory,” Zelensky said in a Wednesday evening address. “It is disgusting when former leaders of powerful European states with European values work for Russia, which is fighting against those values.

Guterres, the UN secretary-general, tore into global energy companies, saying it’s “immoral for oil and gas companies to be making record profits from this energy crisis on the backs of the poorest people and communities, at a massive cost to the climate”. In remarks to the Global Crisis Response Group on Food, Energy and Finance, Guterres repeated his calls for a negotiated end to the war in Ukraine, which he said has caused not only suffering in that country, but a global “threefold crisis of access to food, energy and finance”.The Swiss government said it will match European Union sanctions on Russia and allow for some exemptions in respect to oil payments.

 

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