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https://apnews.com/article/united-nations-general-assembly-climate-change-cb3e386316a2fbd8ebab602f505b42f6>
"Rich energy companies should be forced to fork over some windfall profits to
aid victims of climate change and offset rising fuel and food costs, the U.N.
Secretary-General told world leaders Tuesday.
The fossil fuel industry, which is responsible for a large share of
planet-warming gases, is “feasting on hundreds of billions of dollars in
subsidies and windfall profits while household budgets shrink and our planet
burns,” said Antonio Guterres in his opening remarks at the U.N. General
Assembly in New York.
He urged richer countries to tax the profits of energy companies and redirect
the funds to both “countries suffering loss and damage caused by the climate
crisis” and those struggling with the rising cost of living.
As countries gear up for international climate talks in November, money is an
increasingly important issue, but one that threatens to split rich and poor
nations even further. So Guterres is suggesting fossil fuel companies as the
common enemy for a world he called “in peril and paralyzed.”
Oil companies in July reported unprecedented profits of billions of dollars per
month. Exxon Mobil posted three months profits of $17.85 billion Chevron of
$11.62 billion and Shell of $11.5 billion."
Via Diane A.
Cheers,
*** Xanni ***
--
mailto:xanni@xanadu.net Andrew Pam
http://xanadu.com.au/ Chief Scientist, Xanadu
https://glasswings.com.au/ Partner, Glass Wings
https://sericyb.com.au/ Manager, Serious Cybernetics
