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Polluters must pay, says UN chief, urges taxes to help climate victims

By Michelle Nichols UNITED NATIONS (Reuters) - U.N. chief Antonio Guterres on Tuesday urged rich countries to tax windfall profits of fossil fuel companies and use that money to...
Polluters must pay, says UN chief, urges taxes to help climate victims © Reuters. United Nations Secretary-General Antonio Guterres addresses the 77th Session of the United Nations General Assembly at U.N. Headquarters in New York City, U.S., September 20, 2022. REUTERS/Amr Alfiky

By Michelle Nichols

UNITED NATIONS (Reuters) - U.N. chief Antonio Guterres on Tuesday urged rich countries to tax windfall profits of fossil fuel companies and use that money to help countries harmed by the climate crisis and people who are struggling with rising food and energy prices.

Addressing world leaders at the 193-member U.N. General Assembly, the climate activist secretary-general stepped up his attacks on oil and gas companies, which have seen their profits explode by tens of billions of dollars.

"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 said.

While Guterres again pushed developed countries to tax the fossil fuel windfall profits, this time he also used his bully pulpit to spell out where the money should be spent.

"Those funds should be redirected in two ways: to countries suffering loss and damage caused by the climate crisis; and to people struggling with rising food and energy prices," he told the annual gathering of world leaders in New York.

Britain has passed a 25% windfall tax on oil and gas producers in the North Sea, while U.S. lawmakers have discussed a similar idea, though it faces long odds in Congress.

"Polluters must pay," Guterres said.

He also said multilateral development banks "must step up and deliver" and that helping poor countries adapt to worsening climate shocks "must make up half of all climate finance."

Guterres added: "Major economies are their shareholders and must make it happen."

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04-10-2022 13:43:44 (UTC+7)

EUR/USD

0.9866

+0.0043 (+0.43%)

Summary

↑ Buy

Moving Avg:

Buy (11)

Sell (1)

Indicators:

Buy (9)

Sell (1)

EUR/USD

0.9866

+0.0043 (+0.43%)

Summary

↑ Buy

Moving Avg:

Buy (11)

Sell (1)

Indicators:

Buy (9)

Sell (1)

GBP/USD

1.1371

+0.0049 (+0.43%)

Summary

↑ Buy

Moving Avg:

Buy (11)

Sell (1)

Indicators:

Buy (11)

Sell (0)

USD/JPY

144.71

+0.17 (+0.12%)

Summary

↑ Sell

Moving Avg:

Buy (1)

Sell (11)

Indicators:

Buy (1)

Sell (10)

AUD/USD

0.6538

+0.0022 (+0.34%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

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USD/CAD

1.3579

-0.0043 (-0.31%)

Summary

↑ Sell

Moving Avg:

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EUR/JPY

142.78

+0.79 (+0.56%)

Summary

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EUR/CHF

0.9772

+0.0030 (+0.31%)

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Gold Futures

1,713.15

+11.15 (+0.66%)

Summary

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Silver Futures

21.065

+0.476 (+2.31%)

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Copper Futures

3.4722

+0.0534 (+1.56%)

Summary

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Crude Oil WTI Futures

84.02

+0.39 (+0.47%)

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89.40

+0.54 (+0.61%)

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Natural Gas Futures

6.482

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US Coffee C Futures

215.55

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Euro Stoxx 50

3,342.17

+23.97 (+0.72%)

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Sell (8)

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S&P 500

3,678.43

+92.81 (+2.59%)

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DAX

12,209.48

+95.12 (+0.79%)

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Neutral

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FTSE 100

6,908.76

+14.95 (+0.22%)

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Neutral

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17,079.51

-143.32 (-0.83%)

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US Small Cap 2000

1,709.05

+44.33 (+2.66%)

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IBEX 35

7,462.00

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40.940

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Bayer AG NA

47.95

+0.54 (+1.14%)

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Sell

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Allianz SE VNA O.N.

161.54

-0.26 (-0.16%)

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Adidas AG

119.00

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Deutsche Lufthansa AG

5.716

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Siemens AG Class N

100.92

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7.630

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 EUR/USD0.9866↑ Buy
 GBP/USD1.1371↑ Buy
 USD/JPY144.71↑ Sell
 AUD/USD0.6538↑ Buy
 USD/CAD1.3579↑ Sell
 EUR/JPY142.78Buy
 EUR/CHF0.9772↑ Buy
 Gold1,713.15↑ Buy
 Silver21.065↑ Buy
 Copper3.4722↑ Buy
 Crude Oil WTI84.02↑ Buy
 Brent Oil89.40↑ Buy
 Natural Gas6.482↑ Buy
 US Coffee C215.55↑ Sell
 Euro Stoxx 503,342.17↑ Sell
 S&P 5003,678.43↑ Sell
 DAX12,209.48Neutral
 FTSE 1006,908.76Neutral
 Hang Seng17,079.51↑ Buy
 Small Cap 20001,709.05Buy
 IBEX 357,462.00↑ Buy
 BASF40.940↑ Sell
 Bayer47.95Sell
 Allianz161.54Neutral
 Adidas119.00↑ Buy
 Lufthansa5.716Sell
 Siemens AG100.92↑ Sell
 Deutsche Bank AG7.630↑ Sell
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Cập nhật 04-10-2022 13:43:46
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RON 95-V22.12022.560
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Dầu hỏa 2-K21.68022.110
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Ngoại tệMua vàoBán ra
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EUR22.864,8324.144,42
GBP26.379,6327.503,66
JPY160,63170,05
KRW14,4117,55
Cập nhật lúc 12:23:29 04/10/2022
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