UN secretary-general urges governments to tax ‘immoral’ oil and gas profits

  • by:
  • Source: CNBC
  • 08/04/2022
WASHINGTON — United Nations Secretary-General Antonio Guterres urged governments on Wednesday to tax excessive oil and gas profits as the world grapples with an energy crisis triggered in part, by Russia’s war in Ukraine.

“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,” Guterres said in a speech before the international forum.

He added that the funds, which equate to $100 billion in the first quarter of this year should instead be used to support vulnerable communities.
United Nations by Jonathan Ansel Moy de Vitry is licensed under Unsplash unsplash.com

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