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16. August 2022

Energy policy mistakes the world should avoid

Not too long ago, the United Nation’s Secretary General Chief Guterres described the record profits posted by oil and gas companies as “grotesque greed”, claiming that “it is immoral for oil and gas companies to be making record profits from this energy crisis on the back of the poorest people and communities, at a massive cost to the climate”. He then went on to urge all governments “to tax these excessive profits and use the funds to support the most vulnerable people through these difficult times”.