Developing Nations Demand Wealthy Economies Pay For Climate Damage ...Middle East

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Developing Nations Demand Wealthy Economies Pay For Climate Damage
source : OILPRICE ( Middle East ) () 24
The leaders of several developing countries accused the oil industry and wealthy economies of driving climate change and demanded that they pay for the resultant damage. "The oil and gas industry continues to earn almost 3 billion United States dollars daily in profits," said the prime minister of Antigua at COP27, as quoted by Reuters. "It is about time that these companies are made to pay a global carbon tax on their profits as a source of funding for loss and damage," Gaston Browne said. "While they are profiting, the planet is burning."…

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