Type to search

UN Chief Calls For Windfall Tax on Fossil Fuel Firms – AP

Antonio Guterres says a tax on fossil fuel firms – in the oil, gas and coal sectors – would help pay for the fight against global warming

Guterres says oil, gas and coal producers are the "godfathers of climate chaos" (Reuters file image).


United Nations chief Antonio Guterres called this week for a “windfall” tax on the profits made by fossil fuel firms, whom he damned as the “godfathers of climate chaos”, according to a report by Associated Press, which noted that Guterres wants the money to help pay for the fight against global warming.

The UN secretary-general’s speech, for World Environment Day, referred to new data and projections to make a case against Big Oil companies, saying last month was the hottest May ever and the 12th straight monthly record high, the report said.

He also said fossil fuel firms should be banned from advertising, as they had distorted the truth and deceived the public for decades, according to the BBC, who described his remarks as “his most damning condemnation yet of the industries responsible for the bulk of global warming.”

See the full report: AP.


NOTE: This report was expanded on June 7, 2024, to include Guterres’ call for an advertising ban on oil, gas and coal companies.



Big Oil All Talk And No Action on Climate Change, Report Says

Renewables Now Source of 30% of World’s Power – Guardian

China Imports of Russian Oil Rise to Near-Record Levels

China’s Solar Sector Seen Facing Years of Oversupply, Low Prices

China’s Cheap Solar Panels Killing Europe’s Solar Manufacturers

China Wind, Solar Capacity Set to Outstrip Coal For First Time

Oil Producers, Carmakers Knew of Climate Risk in 1954 – Guardian


Jim Pollard

Jim Pollard is an Australian journalist based in Thailand since 1999. He worked for News Ltd papers in Sydney, Perth, London and Melbourne before travelling through SE Asia in the late 90s. He was a senior editor at The Nation for 17+ years.


AF China Bond