Rich economies should hit oil and gas companies with new windfall taxes to provide help for countries suffering from climate change, and people struggling with soaring energy and food bills, UN Secretary General António Guterres says.
Guterres' comments, at the UN General Assembly in New York, come on the heels of a European Union proposal to introduce a windfall tax on oil, gas and coal companies, many of which have reported record-high profits as Russia's war in Ukraine and an energy crunch send prices soaring.United Nations Secretary-General Antonio Guterres addresses the 77th session of the General Assembly at UN headquarters.
"Today, I am calling on all developed economies to tax the windfall profits of fossil fuel companies," Guterres told the Assembly. "Those funds should be redirected in two ways: to countries suffering loss and damage caused by the climate crisis, and to people struggling with rising food and energy prices."
Typhoons and hurricanes have brought floods to Puerto Rico, the Dominican Republic and Japan this week. Drought is impacting vast swathes of the United States, China and Europe.Guterres warned that a "winter of global discontent is on the horizon," with inequality "exploding" and the cost-of-living crisis "raging" while the planet burns.
Also, selling a product that gets to dump waste into our atmosphere, across the planet, for free. Probably the largest & longest lasting subsidy they've ever had.
deniseshrivell Energy giant: “And your point is?”
韓國的國安為了整我什麼損招、壞招都能用上：（一）他釋放的氣體能讓你咳嗽、打噴嚏，嚴重點頭痛、渾身痛、肌肉痠痛、感冒和發燒 ，還有能讓你渾身起像尋麻疹的東西，渾身刺癢，還有像是定點是的，一點或是兩點刺痛（用注射器注射到被褥上），還有的能讓眼睛難以睜開（有睡意）、刺痛、流淚 韓國的人權
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Tax fossil fuel companies 'feasting' on profits as 'planet burns' and power bills soar, UN chief urgesThe UN chief on Tuesday accused energy giants of 'feasting on hundreds of billions of dollars in subsidies and windfall profits while household budgets shrink and our planet burns'. 9News More of investing tips, not just buying low and selling high, how to have an investment plan, how to take profits and still retain portions of your assets, how to hold securely. Bamber__Michael share contents like these sometimes, so you might want to follow. Planet burns lol
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Tax fossil fuel companies 'feasting' on profits as 'planet burns' and power bills soar, UN chief urgesThe UN chief on Tuesday accused energy giants of 'feasting on hundreds of billions of dollars in subsidies and windfall profits while household budgets shrink and our planet burns'. 9News More of investing tips, not just buying low and selling high, how to have an investment plan, how to take profits and still retain portions of your assets, how to hold securely. Bamber__Michael share contents like these sometimes, so you might want to follow. Planet burns lol
Source: 9NewsSyd - 🏆 23. / 51 Read more »