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UN Secretary-General Calls For 'Windfall' Tax on Profits of Fossil Fuel Companies


U.N. Secretary General Antonio Guterres called Wednesday for a "windfall" tax on profits of fossil fuel companies to help pay for the fight against global warming, decrying them as the "godfathers of climate chaos." From a report: Guterres spoke from the American Museum of Natural History in New Yor...

U.N. Secretary General Antonio Guterres called Wednesday for a "windfall" tax on profits of fossil fuel companies to help pay for the fight against global warming, decrying them as the "godfathers of climate chaos." From a report: Guterres spoke from the American Museum of Natural History in New York in a bid to revive focus on climate change at a time when many national elections, and conflict in places like Ukraine, Gaza and Sudan this year have seized much of the international spotlight. Meanwhile, the U.N. weather agency predicted an 80% chance that average global temperatures will surpass the 1.5 Celsius (2.7 Fahrenheit) target set in the landmark Paris climate accord of 2015.

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