SHARM EL-SHEIKH, Egypt, Nov 8 (Reuters) - Small island nations suffering the brunt of climate change want Big Oil to pay for mounting damage from ocean storms and sea-level rise, Antigua's prime minister told delegates at the COP27 climate summit in Egypt on Tuesday. "The oil and gas industry continues to earn almost 3 billion United States dollars daily in profits," Browne said, speaking on behalf of the Alliance of Small Island States. "It is about time that these companies are made to pay a global carbon tax on their profits as a source of funding for loss and damage. Profligate producers of fossil fuels have benefited from extortionate profits at the expense of human civilization. Writing by Richard Valdmanis; Editing by Katy Daigle and Janet LawrenceOur Standards: The Thomson Reuters Trust Principles.

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