UN Secretary-General Calls For 'Windfall' Tax on Profits of Fossil Fuel Companies

U.N. Secretary General Antonio Guterres called Wednesday for a "windfall" tax on profits of fossil fuel companies to help pay for the fight against global warming, decrying them as the "godfathers of climate chaos." From a report: Guterres spoke from the American Museum of Natural History in New York in a bid to revive focus on climate change at a time when many national elections, and conflict in places like Ukraine, Gaza and Sudan this year have seized much of the international spotlight. In a bare-knuckled speech timed for World Environment Day, Guterres drew on new data and projections to trumpet his case against Big Oil: The European Union's climate watching agency reported that last month was the hottest May ever, marking the 12th straight monthly record high. The EU's Copernicus climate change service, a global reference for tracking world temperatures, cited an average surface air temperature of 15.9 C (60.6 F) last month -- or 1.52 C higher than the estimated May average before industrial times. The burning of fossil fuels -- oil, gas and coal -- is the main contributor to global warming caused by human activity. Meanwhile, the U.N. weather agency predicted an 80% chance that average global temperatures will surpass the 1.5 Celsius (2.7 Fahrenheit) target set in the landmark Paris climate accord of 2015. Further reading: UN Chief Says World is On 'Highway To Climate Hell' as Planet Endures 12 Straight Months of Unprecedented Heat.

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