UN secretary-general calls for 'windfall' tax on profits of fossil fuel companies

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UN Secretary General Antonio Guterres called Wednesday for a 'windfall' tax on profits of fossil fuel companies to help pay for the fight against global warming, decrying them as the 'godfathers of climate chaos.'

UN Secretary General Antonio Guterres called Wednesday for a "windfall" tax on profits of fossil fuel companies to help pay for the fight against global warming, decrying them as the "godfathers of climate chaos."

Meanwhile, the UN weather agency predicted an 80 per cent chance that average global temperatures will surpass the 1.5 Celsius target set in the landmark Paris climate accord of 2015. He repeated concerns about subsidies paid out in many countries for fossil fuels, which help keep prices low for consumers.

"This forecast is affirmation that the world has entered a climate where years that are as hot as 2023 should no longer be a surprise," Noah Diffenbaugh, a professor at Stanford's Doerr School of Sustainability, said in an email of the WMO forecast. But Guterres said that all countries -- and people -- must join the fight, including the developing world, such as by ending deforestation and meeting targets to double energy efficiency and triple renewables by 2030.

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