UN secretary general calls for windfall tax on fossil fuel companies: 'Polluters must pay'

António Guterres.
(Image credit: Anna Moneymaker/Getty Images)

United Nations Secretary General António Guterres is urging the world's developed countries to tax the windfall profits of fossil fuel companies and redirect the money to "countries suffering loss and damage caused by the climate crisis and to people struggling with rising food and energy prices."

Speaking on Tuesday to the UN General Assembly, Guterres said the world is "in big trouble," and a "winter of global discontent is on the horizon, a cost-of-living crisis is raging, trust is crumbling, inequalities are exploding, and our planet is burning. We have a duty to act and yet we are gridlocked in colossal global dysfunction. The international community is not ready or willing to tackle the big dramatic challenges of our age."

Subscribe to The Week

Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.

SUBSCRIBE & SAVE
https://cdn.mos.cms.futurecdn.net/flexiimages/jacafc5zvs1692883516.jpg

Sign up for The Week's Free Newsletters

From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.

From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.

Sign up
To continue reading this article...
Continue reading this article and get limited website access each month.
Get unlimited website access, exclusive newsletters plus much more.
Cancel or pause at any time.
Already a subscriber to The Week?
Not sure which email you used for your subscription? Contact us