"We cannot save a burning planet with a fire hose of fossil fuels," Guterres said in a speech to the COP28 summit in Dubai. "The 1.5-degree limit is only possible if we ultimately stop burning all fossil fuels. He urged fossil fuel companies to invest in a transition to renewable energy sources and told governments to help by forcing that change - including through the use of windfall taxes on industry profits. "I urge governments to help industry make the right choice – by regulating, legislating, putting a fair price on carbon, ending fossil fuel subsidies, and adopting a windfall tax on profits," he said. Reporting by William James, editing by Elizabeth PiperOur Standards: The Thomson Reuters Trust Principles.

---

Persons: Lalla Hasna, Luiz Inacio Lula da Silva, Antonio Guterres, Simon Stiell, Guterres, William James, Elizabeth Piper Organizations: United Nations, Thomson Locations: DUBAI, Dubai