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Salon
Salon
Politics
Jessica Corbett

UN head calls for taxing Big Oil profits

Working oil pumps against a sunset sky (Getty Images/imaginima)

UN Secretary-General António Guterres unveiled a new report Wednesday about the global effects of Russia's invasion of Ukraine and took aim at the fossil fuel sector, which has been widely accused of war profiteering.

"Household budgets everywhere are feeling the pinch from high food, transport and energy prices, fueled by climate breakdown and war," Guterres said at UN headquarters in New York. "This threatens a starvation crisis for the poorest households, and severe cutbacks for those on average incomes."

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