UN Secretary General: Governments should impose taxes on the profits of oil and gas companies

Speaking to reporters on Wednesday local time, the Secretary-General of the United Nations criticized the greed of oil and gas companies and their financiers and called on governments around the world to tax those excessive profits to protect the most vulnerable. .

He said: It is not ethical for oil and gas companies to make unprecedented profits from this energy crisis at the expense of the poorest people and communities and create huge costs for the climate.

He continued: I ask all governments to tax these excessive profits and in these difficult days, use the obtained financial resources to support the most vulnerable people.

“I call on people around the world to tell the fossil fuel industry and their financiers that their ugly greed hurts the poorest and most vulnerable while destroying our only common home,” Guterres continued.

On May 10th of this year, the Secretary General of the United Nations criticized the supporters of the fossil fuel industry for trying to exploit the war in Ukraine to gain more profit from the production of pollutants at the cost of climate damage in the world and all life on earth.

“Those with vested interests in fossil fuel production are now hypocritically using the war in Ukraine to ensure a high carbon future,” Guterres tweeted.

He stated that the shift towards renewable energy is very important to improve the global energy mix and provide hope to the millions of people who are now suffering from climate effects.

The World Bank has warned that the war in Ukraine will mean higher food and energy prices in the next three years.

According to the warning of the World Bank, the consequences of the war in Ukraine will increase the price of energy by 50% in 2022.