‘Polluters must pay’: UN chief calls for windfall tax on fossil fuel companies

Antonio Guterres said money raised should be diverted to vulnerable nations suffering losses caused by climate crisis

Countries should impose windfall taxes on fossil fuel companies and divert the money to vulnerable nations suffering worsening losses from the climate crisis, the United Nations secretary general has urged.

Antonio Guterres said that polluters must pay" for the escalating damage caused by heatwaves, floods, drought and other climate impacts, and demanded that it was high time to put fossil fuel producers, investors and enablers on notice".