In his opening remarks before the U.N. General Assembly, Secretary-General António Guterres proposed that the world take a firmer stance on protecting the planet. He said polluters should pay for the climate-related damages they cause. And the world body's chief didn't mince words when saying who should be the target of these penalties: the fossil fuel industry. But achieving this is easier said than done — it's an extremely divisive issue among rich and poor nations.
By Matt McGrathEnvironment correspondent Getty Images Floods in Pakistan have caused misery for millions Windfall profits made by fossil fuel companies should be taxed to pay for climate damage, according to the UN Secretary General. Antonio Guterres told the General Assembly that polluters should pay …
Denmark on Tuesday pledged over $13 million (100 million Danish crowns) to support developing nations that have experienced losses caused by climate disruptions, becoming the first country to offer "loss and damage" compensation to the most climate-vulnerable areas.
Poor nations exhort UN to consider ‘climate-related and justice-based’ tax on big fossil fuel users and air travel The world’s most vulnerable countries are preparing to take on the richest economies with a demand for urgent finance – potentially including new taxes on fossil fuels or flying – for …
Portugal is already transferring hundreds of millions of euros of excess profits made by electricity and gas companies from spiralling energy prices to consumers and sees no immediate need for a windfall tax, its finance minister said on Wednesday.
Under a draft plan Democrats are circulating, the Treasury Department would tax a handful of the biggest emitters of planet-warming pollution to pay for climate change. WASHINGTON — Democrats in Congress want to tax Exxon, Chevron and a handful of other major oil and gas companies, saying the …
Colleen: In just a few days, it’s gonna be May. And for certain colleagues of mine at UCS, that means one thing: shareholder season. Each May, fossil …
Last month, geographer Richard Heede received a subpoena from Representative Lamar Smith (R-TX), chairman of the House of Representatives Committee …
Behind the struggle to stop governments propping up the coal, oil and gas industries. Jocelyn Timperley Jocelyn Timperley is a freelance climate …
