OPINION

UN secretary general calls on fossil fuel sector to share profits globally

UN Secretary General Antonio Guterres said on Tuesday that developed economies should impose an extra tax on the profits of fossil fuel firms, with the funds diverted to countries affected by climate change and households struggling with the cost-of-living crisis.

Tim Daiss

UN secretary general calls on fossil fuel sector to share profits globally

In a wide-ranging address to the UN General Assembly in New York, Guterres described the fossil fuel industry as "feasting on hundreds of billions of dollars in subsidies and windfall profits while households'...

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