{"id":160205,"date":"2024-06-06T06:00:08","date_gmt":"2024-06-06T05:00:08","guid":{"rendered":"https:\/\/www.newsisc.com\/videos\/u-n-secretary-general-calls-for-windfall-tax-on-big-oil-and-gas-companies-profits-dw-news\/"},"modified":"2024-06-06T06:00:08","modified_gmt":"2024-06-06T05:00:08","slug":"u-n-secretary-general-calls-for-windfall-tax-on-big-oil-and-gas-companies-profits-dw-news","status":"publish","type":"post","link":"https:\/\/www.newsisc.com\/videos\/u-n-secretary-general-calls-for-windfall-tax-on-big-oil-and-gas-companies-profits-dw-news\/","title":{"rendered":"U.N. Secretary-General calls for \u2018windfall\u2019 tax on big oil and gas companies\u2019 profits | DW News"},"content":{"rendered":"<p><img decoding=\"async\" src=\"https:\/\/i2.ytimg.com\/vi\/-mldOrPQ68I\/hqdefault.jpg\" alt=\"U.N. Secretary-General calls for \u2018windfall\u2019 tax on big oil and gas companies\u2019 profits | DW News\"><br \/> <iframe loading=\"lazy\" width=\"560\" height=\"315\" src=\"https:\/\/www.youtube.com\/embed\/-mldOrPQ68I\" frameborder=\"0\" allowfullscreen><\/iframe> <\/p>\n<p>U.N. Secretary-General Antonio Guterres has said that preventing the earth\u2019s temperature from warming beyond the 1.5\u00b0C limit was still possible \u2013 but that the international community, both states and companies alike, would have to do far more to achieve this goal. Guterres urged countries to impose a \u2018windfall\u2019 tax on the profits of Big Oil and Gas companies, given that the fossil fuel industry has been one of the largest emitters of greenhouse gas emissions globally. Other techniques employed by the fossil fuel industry, such as carbon capture and storage, have slightly reduced emissions, but have been unsuccessful in bringing down emissions to levels which would create the conditions for capping warming at 1.5\u00b0C. The promise of carbon capture and storage has not met expectations set by massive projects funded by Chevron and other companies which invested billions of dollars into the technology. In many cases, carbon capture and storage are used by the fossil fuel industry to perform \u201cenhanced oil recovery\u201d, in other words, using captured carbon to get more oil out of ground reserves. <\/p>\n<p>#windfalltax #fossilfuel #bigoil<br \/>\nSubscribe: https:\/\/www.youtube.com\/user\/deutschewelleenglish?sub_confirmation=1<\/p>\n<p>For more news go to: http:\/\/www.dw.com\/en\/<br \/>\nFollow DW on social media:<br \/>\n\u25baFacebook: https:\/\/www.facebook.com\/deutschewellenews\/<br \/>\n\u25baTwitter: https:\/\/twitter.com\/dwnews<br \/>\n\u25baInstagram: https:\/\/www.instagram.com\/dwnews<br \/>\n\u25baTwitch: https:\/\/www.twitch.tv\/dwnews_hangout<br \/>\nF\u00fcr Videos in deutscher Sprache besuchen Sie: https:\/\/www.youtube.com\/dwdeutsch<\/p>\n","protected":false},"excerpt":{"rendered":"<p>U.N. Secretary-General Antonio Guterres has said that preventing the earth\u2019s temperature from warming beyond the 1.5\u00b0C limit was still possible \u2013 but that the international community, both states and companies alike, would have to do far more to achieve this goal. Guterres urged countries to impose a \u2018windfall\u2019 tax on the profits of Big Oil [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":160206,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[130889],"tags":[131513,131514,131512],"actors":[],"class_list":["post-160205","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-dw-news","tag-antonio","tag-guterres","tag-secretarygeneral"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>U.N. 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