Wall Street

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

Published by
Reuters UK

By Michelle Nichols UNITED NATIONS (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. “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,” Guterres told reporters. The two largest U.S. oil companies, Exxon Mobil Corp XOM.N and Chevron Corp CVX.N, British-based She…

Read More

Share this Story
Load More Related Articles
Load More In Wall Street