UN Chief Urges Tax On Oil Industry For "Grotesque Greed" ...Middle East

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UN Chief Urges Tax On Oil Industry For Grotesque Greed
source : OILPRICE ( Middle East ) () 20
The secretary-general of the United Nations, Antonio Guterres, lashed out at the oil and gas industry, accusing it of "grotesque greed" and calling for additional taxes on their profits. Guterres noted that for the first quarter alone, the combined profits of the world's largest oil and gas companies were 'close to $100 billion" and urged all governments to tax these profits. "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, at a massive cost to the climate,"…

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