Antonio Guterres says all countries should tax energy companies' excess profits. International countries have imposed unprecedented economic sanctions on Russia due to the Ukraine-Russia war.
At the same time, the European Union has decided to reduce its dependence on Russia for its energy needs. Due to these reasons, the price of crude oil has increased in the international market and has had a great impact on various countries.
In this situation, it is unethical for energy companies to take advantage of the current crisis to make a profit. Secretary General António Guterres has condemned.
He has called for a tax on the profits of oil and gas companies amid the global energy crisis. The combined profits of the biggest energy companies hit $100 billion in the first quarter of this year.
The UN mandated that all countries tax these excess profits. General Secretary said. He requested that this tax levy should be used for the people who are most affected in the current tough times. All countries, especially developed countries, need to manage their energy demand and increase demand for recycled materials, he said.
