Antonio Guterres, U.N. secretary-general, wants 'windfall' tax on profits of fossil fuel companies

  • 📰 WashTimes
  • ⏱ Reading Time:
  • 26 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 63%

United Kingdom News News

United Kingdom United Kingdom Latest News,United Kingdom United Kingdom Headlines

U.N. 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.'

FILE - United Nations Secretary General Antonio Guterres speak during a Security Council meeting at the United Nations headquarters, April 18, 2024. U.N. Secretary General António Guterres called Wednesday, June 5, 2024, for a “windfall” tax on profits of fossil …GENEVA — 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.

The burning of fossil fuels - oil, gas and coal - is the main contributor to global warming caused by human activity. “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.

He repeated concerns about subsidies paid out in many countries for fossil fuels, which help keep prices low for consumers.

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:

 /  🏆 235. in UK
 

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

United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines