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António Guterres

Climate love

Head of UN encourages countries to tax oil companies

The head of United Nations, Antonio Guterres noted that for the first quarter alone, the combined profits of the world's largest oil and gas companies were 'close to $100,000,000,000.00 (billion)" and urged all governments to tax these profits. "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," Guterres told media, as quoted by Reuters. "I urge all governments to tax these excessive profits, and use the funds to support the most vulnerable people through these difficult times," he also said, adding "And I urge people everywhere to send a clear message to the fossil fuel industry and their financiers: that this grotesque greed is punishing the poorest and most vulnerable people, while destroying our only common home." The UN's top official is a vocal critic of the oil and gas industry. Earlier this year, he said investing in new oil and gas production was "delusional," and it would only have negative consequences. "New funding for fossil fuel exploration and production infrastructure is delusional. It will only further feed the scourge of war, pollution and climate catastrophe," Guterres said in June. He has also spoken against coal investment, calling it "stupid" and saying that dependence on fossil fuels was madness. Source: https://oilprice.com/Latest-Energy-News/World-News/UN-Chief-Urges-Tax-On-Oil-Industry-For-Grotesque-Greed.html

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  • Alaba Idumah

    133 w

    Absolutely right sir

    1
    • Alaba Idumah

      133 w

      Fossil fuel must be buried on the ground finally

      • Alaba Idumah

        133 w

        Absolutely right

        • Alaba Idumah

          133 w

          This a good steps

          • Phillip Matavu

            134 w

            Good morning colleagues The UN secretary General Antonio Guetterres saying govt should start asking oil companies is anon starter.. It can't happen governments are compromised with oil companies for too long...

            • Christina Carlmark

              134 w

              Extreme profit + subsidies….. it has to change.

              • michael wanjuzi

                134 w

                I agree with you entirely @antonio_guterres! Especially in Africa to lessen the burden on the lay man.

                • Rosalind Kent

                  134 w

                  They are mining this earth's resources, which were given to all of us !

                  • Patrick Kiash

                    135 w

                    Salute to him.

                    • Muhammad Fahd Khan

                      135 w

                      Good encouragement! 💚

                      • Timothy Ndegwa

                        135 w

                        I wish we would have leaders who exhibit infinite leadership and not finite leadership, they would see beyond making profits and think of the number of vulnerable people who are affected by fossil fuels.

                        2
                        • Ingrid Hesser

                          135 w

                          The devil is not only in the details, the devil is in the money (ie. Greed)

                          2
                          • Marine Stephan

                            135 w

                            I hope France will listen...

                            1
                            • Annette Sidemo

                              135 w

                              He is so right and righteous- I wish more leaders world have his courage and clear vision. We need to say as it is!

                              • Edwin wangombe

                                135 w

                                Big oil companies should be taxed heftily... And the money should then be used to fund renewable energy projects

                                • NGENYUY LOVETT FOMONYUY KHAN

                                  135 w

                                  Great move

                                  • Azhar Qureshi

                                    135 w

                                    This a good steps to keep fossil fuels buried in the ground

                                    • Kathy Wei

                                      135 w

                                      So much respect for him! He sets such a great example as a world leader.

                                      1

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