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U.N. chief urges tax on 'grotesque greed' of oil, gas companies

Summary by Reuters

United Nations Secretary-General Antonio Guterres on Wednesday slammed the "grotesque greed" of oil and gas companies and their financial backers and urged governments globally to "tax these excessive profits" to support the most vulnerable people.

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National Observer

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UN chief slams oil companies for their 'grotesque greed'

The United Nations chief sharply criticized the “grotesque greed” of oil and gas companies on Wednesday, August 3, 2022, for making record profits from the energy crisis on the back of the world’s poorest people, “while destroying our only home.”

3 years ago·Canada

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Fortune

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'Grotesque greed' of oil and gas companies slammed by UN chief

Secretary-General Antonio Guterres urged governments to tax ‘immoral’ profits and distribute money to vulnerable families.

3 years ago·New York, United States

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Time Magazine

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U.N. Chief Criticizes 'Grotesque Greed' of Oil Companies

UNITED NATIONS — The United Nations chief sharply criticized the “grotesque greed” of oil and gas companies on Wednesday for making record profits from the energy crisis on the back of the world’s poorest people, “while destroying our only home.”Secretary-General Antonio Guterres said it was “immoral” that the largest energy companies in the first quarter of the year made combined profits of close to $100 billion.He urged all governments to tax …

3 years ago·United States

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