Global Climate Tax Plan Puts Big Oil in the Crosshairs

Global Climate Tax Plan Puts Big Oil in the Crosshairs

The United Nations is discussing a new international tax collection cooperation regime that, among other things, aims to extract money from the oil and gas industry for climate change. It is not the first attempt to make the industry pay, and it will not be the last. The idea’s chances of success, however, remain uncertain. The idea is part of the Framework Convention on International Tax Cooperation, a deal that is currently being negotiated at…

UN pushing a ‘global tax treaty’! Fossil fuel firms may have to pay for ‘climate damage’ under another proposed UN tax

Framework Convention on International Tax Cooperation could also force ultra-rich to pay global wealth tax By Fiona Harvey and Heather Stewart Excerpt: Fossil fuel companies could be forced to pay …

ESG News Recap: New UN Tax May Make Fuel Companies Pay

Impakter Fuel Companies May Have to Pay for Emissions Damages Today’s ESG Updates: UN Might Make Fuel Companies Compensate for The Damages: The supporters of the treaty argue that fossil fuel producers should help cover the costs faced by affected countries. Holcim Invests in Carbon Capture Tech Company: The Swiss firm is partnering with Norwegian startup Capsol to help decarbonize concrete and cement production. Transport […] The post Fuel Comp…

Fossil fuel firms may have to pay for climate damage under proposed UN tax

Framework Convention on International Tax Cooperation could also force ultra-rich to pay global wealth tax.