Posted on 09/20/2022 7:35:36 AM PDT by Oldeconomybuyer
Windfall profits made by fossil fuel companies should be taxed to pay for climate damage, according to the UN Secretary General.
Antonio Guterres told the General Assembly that polluters should pay for the impact of climate-related events.
Having recently seen the devastating flooding in Pakistan for himself, Mr Guterres is now doubling down on the need for the rich world to urgently address the demands of the poor.
And there's little doubt whom he believes is responsible for the world's climate emergency.
"The fossil fuel industry is feasting on hundreds of billions of dollars in subsidies and windfall profits while household budgets shrink and our planet burns," he told the Assembly.
"Today, I am calling on all developed economies to tax the windfall profits of fossil fuel companies. Those funds should be re-directed in two ways: to countries suffering loss and damage caused by the climate crisis; and to people struggling with rising food and energy prices."
Developing countries will continue to push strongly for faster progress on finance for loss and damage, and they will at least have moral support from the UN Secretary General.
(Excerpt) Read more at bbc.com ...
I remember all that. My dad worked for an oil company from 1958 to 1991. The under 50 crowd doesn’t remember gas lines, rationing and odd/even days either.
Finally, the Climate hucksters drop the mask
> Global Warming hoax is a great money maker. <
It sure is. And Global Warming is, of course, much worse than your standard hoaxes. If the West continues on with this folly, entire economies will crash.
Meanwhile, China laughs.
Mind your own business and stop trying to usurp independent states’ sovereignty.
Govts always raise taxes on industries expected to make large profits, it’s the govt way.
Who controls most energy resources worldwide?
Governments, not private industry.
You can’t collect a lot of tax revenue from industries that aren’t making big profits.
Take the hint.
alternative plan
tax countries who’s populations are growing.
I thought that was what this provision in the “Inflation Reduction Act” was for. (Hike coming after the 2024 election??)
“Aug 19, 2022 · Methane Excess Emissions Charge Rate. The IRA methane emissions charge starts in calendar year 2024 at $900 per metric ton of methane, increasing to $1,200 in 2025”
Yeah. This bunch wants to drain all the money that Americans have earned through their hard work and give it to lazy slobs who can do nothing but blame America for their failures.
Government is not the solution, Government is the problem.
And the end of heat...
And the end of reliable transportation.
Once they control energy and food, they control everything.
🖕 you UN.😝
Get US out of the UN.
Oh, and screw you, Antonio Guterres
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.