Sunday, Sep 25th

Last update07:12:11 AM GMT

You are here News Environment ‘Polluters must pay’: UN chief calls for windfall tax on fossil fuel companies

‘Polluters must pay’: UN chief calls for windfall tax on fossil fuel companies

E-mail Print PDF

UN Secretary GeneralCountries should impose windfall taxes on fossil fuel companies and divert the money to vulnerable nations suffering worsening losses from the climate crisis, the United Nations secretary general has urged.

António 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”.

“Today, I am calling on all developed economies to tax the windfall profits of fossil fuel companies,” Guterres said in a speech to the UN general assembly on Tuesday. “Those funds should be redirected in two ways – to countries suffering loss and damage caused by the climate crisis and topeople struggling with rising food and energy prices.


Most Recent Related Stories...

Tropical Storm Ian threatens the Caribbean and Florida with hurricane conditions

Hurricane Ian Officials in the Caribbean and Florida are warning residents to prepare for the arrival of Tropical...

Fiona Threatens To Become Category 4 Storm Headed To Bermuda

Fiona becoming Category 4 stormHurricane Fiona threatened to strengthen into a Category 4 storm Wednesday as it lashed the Turks...

Storm Fiona ravages Canada's east coast causing 'terrifying' destruction

Fiona ravages Canada's east coastPowerful storm Fiona ripped int  eastern Canada on Saturday with hurricane-force winds, forcing evacuations, knocking down...

Climate change likely helped cause deadly Pakistan floods, scientists find

Climate change caused Pakistani floods It is likely that climate change helped drive deadly floods in Pakistan, according to a new...
America's # 1 Enemy
Tee Shirt
& Help Support!
TVNL Tee Shirt
Conserve our Planet
& Help Support!
Get your 9/11 & Media
Deception Dollars
& Help Support!
The Loaded Deck
The First & the Best!
The Media & Bush Admin Exposed!