UN Secretary-General Calls for Windfall Profit Tax on Oil Industry

  • 📰 OilandEnergy
  • ⏱ Reading Time:
  • 19 sec. here
  • 8 min. at publisher
  • 📊 Quality Score:
  • News: 32%
  • Publisher: 68%

UN News

Windfall Profit,Crude Oil,Oil Industry

The secretary-general of the United Nations has renewed his calls for a special tax on the oil industry to help fund the global energy transition.

The secretary-general of the United Nations Antonio Guterres has renewed his calls for a special tax on oil companies to help fund the energy transition. Calling oil companies “the godfathers of climate chaos”, Guterres said this week in a speech for World Environment Day, as the EU’s Copernicus weather service claimed May had been the 12th hottest month in a row.

They are poisoning our planet & they are toxic for your brand.” Antonio Guterres has been one of the most fervent advocates of the energy transition, referring to the current course of human civilization as a “highway to hell” unless we shift away from hydrocarbons. The call for a windfall profit tax on oil and gas companies is not the first one Guterres issued.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 34. in MY
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

UN secretary-general calls for ‘windfall’ tax on profits of fossil fuel companiesThe burning of fossil fuels like oil, gas and coal is the main contributor to global warming caused by human activity
Source: Glasgow_Times - 🏆 76. / 59 Read more »

UN secretary-general calls for ‘windfall’ tax on profits of fossil fuel companiesThe burning of fossil fuels like oil, gas and coal is the main contributor to global warming caused by human activity
Source: Observer_Owl - 🏆 18. / 72 Read more »