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, calling them the "godfathers of climate chaos."
The World Meteorological Organization said the global mean near-surface temperature for each year from 2024 to 2028 is expected to range between 1.1 and 1.9 C hotter than at the start of the industrial era. The landmark Paris climate accord of 2015 set a target of keeping the rise below 1.5 C . A study released Tuesday by 57 scientists said that as the world keeps burning fossil fuels, Earth is likely to reach the 1.5 C limit in four-and-a-half years.
"Climate change is the mother of all stealth taxes paid by everyday people and vulnerable countries and communities," he said. "Meanwhile, the godfathers of climate chaos -- the fossil fuel industry -- rake in record profits and feast off trillions in taxpayer-funded subsidies." "We cannot accept a future where the rich are protected in air-conditioned bubbles, while the rest of humanity is lashed by lethal weather in unlivable lands," Guterres said.He appealed to "global finance," alluding to banks and international financial institutions, to help contribute, saying "innovative sources of funds" are needed.
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More than a dozen arrests as Pro-Palestinian protesters occupy Stanford University president’s office McMaster Children’s Hospital is pausing scheduled tonsil and adenoid surgeries for patients under the age of 18 after officials say two pediatric patients who underwent the procedure died shortly after being discharged.
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UN secretary-general calls for 'windfall' tax on profits of fossil fuel companiesUN 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.'
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UN secretary-general calls for 'windfall' tax on profits of fossil fuel companiesGENEVA (AP) — U.N. Secretary General António 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.
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