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'Grotesque greed', UN chief: Governments should tax oil companies, immoral for these firms to profit from the crisis

2022-08-04 09:16:08Kosova&Bota SHKRUAR NGA REDAKSIA VOX
'Grotesque greed', UN chief: Governments should tax oil companies,
UN Secretary General Antonio Guterres

UN Secretary General Antonio Guterres has called on countries to tax all oil companies with special taxes, in these times of crisis. Guterres said it was "immoral" for these firms to profit from the crisis.

Russia's invasion of Ukraine in February has worsened global oil and gas shortages, cutting off access to the fuel from Russia - one of the main suppliers - and driving up prices.

As households face higher bills, companies are reaping the benefits. 4 of the largest energy firms - Exxon, Chevron, Shell and TotalEnergies earned about $51 billion in the last quarter - almost double what they earned in the same period last year.

"This grotesque greed is punishing the poorest people while destroying our only common home. I call on all governments to tax these excess profits and use the funds to support people in these difficult times," Guterres said. .


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