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Tuesday, August 16, 2022

“It’s strange greed”: UN Secretary-General accuses oil companies of taxing their record profits amid crisis

According to the UN Secretary General, the big oil and gas companies show “bizarre greed”.

Antonio Guterres this Wednesday criticized the “excessive” profits of these companies amid the global energy crisis and urged the governments to tax them.

US oil companies Exxon Mobil and Chevron, Britain’s Shell and France’s Total Energies combined posted profits of US$51 billion in the second quarter of this year, nearly double the same period last year.

Guterres recalled that in the last quarter (January-March) the combined earnings of the world’s major energy companies had approached. US$100,000 million,

World Nation News Desk
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