António Guterres urges governments to introduce windfall levies and use money to support vulnerable people
The UN secretary general, António Guterres, has described the record profits of oil and gas companies as immoral and urged governments to introduce a windfall tax, using the money to help those in the most need.
“It is immoral for oil and gas companies to be making record profits from this energy crisis on the backs of the poorest people and communities, at a massive cost to the climate,” he said. Earlier this week, BP was the latest fossil fuel giant to announce huge gains, revealing it had tripled its profits to nearly £7bn in the second quarter of the year amid high oil prices during Russia’s invasion of“Household budgets everywhere are feeling the pinch from high food, transport and energy prices, fuelled by climate breakdown and war.“This threatens a starvation crisis for the poorest households, and severe cutbacks for those on average incomes.
He called on developing countries to offer more “social, technical or financial support” to help developing nations transition to renewable energy.
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