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And it includes the massive public relations machine raking in billions to shield the fossil fuel industry from scrutiny. "Fossil fuel interests need to spend less time averting a PR disaster—and more time averting a planetary one. But it is high time to put fossil fuel producers, investors and enablers on notice." What followed was an appeal for fossil fuel companies to be taxed on windfall profits—that's a higher tax rate on sudden, unexpected spikes in earnings. "Today, I am calling on all developed economies to tax the windfall profits of fossil fuel companies.
Climate Week NYC 2022 - and Insider is thereClimate Week NYC 2022 is underway and Insider's reporters are on the scene. We'll be providing updates throughout the week on some of the most provocative speakers and topics.
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