Countries should impose windfall taxes on fossil fuel companies and divert the money to vulnerable nations suffering worsening losses from the climate crisis, theAntónio Guterres said that “polluters must pay” for the escalating damage caused by heatwaves, floods, drought and other climate impacts, and demanded that it was “high time to put fossil fuel producers, investors and enablers on notice”.
, to tax major oil and gas firms currently enjoying record profits in the wake of Russia’s invasion of Ukraine. In July, Exxon announced it had made a record quarterly profit of $17.8bn, while Chevron unveiled its own three-month record profit, of $11.6bn. BP, meanwhile, made a $8.5bn profit in the same period.
But his speech on Tuesday was particularly pointed, delivered on the grand dais of the general assembly and following the secretary general’s recent visit to Pakistan, where floods from what he called “a monsoon on steroids” have“Our planet is burning,” Guterres said, calling on world leaders to to end their “suicidal war against nature”.
Governments must stage an “intervention” to break their addiction to fossil fuels, Guterres said, by targeting not only the extractive companies themselves but the entire infrastructure of businesses that support them.
Marxism sux!
grifters
This has nothing to do with the environment and all about money. Record crop yields, Record coral, Record ski season, Record cold east coast Australia, Record low hurricanes and cyclones… And you say we are burning up. The stats state otherwise, so FO!
Australia’s fossil fuel companies have brought nations around the world the energy needs they require to develop and grow. Yet the world panics about climate change, & immediately turns against us to threaten us with tax. I say..ENOUGH AUSTRALIA. Tell the UN to shove off.
Australian Government, either impose a windfall tax on fossil fuel miners, and use it for the nation, OR, the world will force you to do the same and give the money to the victims.
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