“It’s a grotesque greed”: the UN Secretary General charges against the oil companies and asks to tax their record profits in the midst of the crisis

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Anthony Guterres

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The big oil and gas companies show “grotesque greed”, according to the UN secretary general.

Antonio Guterres criticized this Wednesday the “excessive” benefits of these companies in the midst of the global energy crisis and urged governments to tax them.

US oil companies Exxon Mobil and Chevron, Britain’s Shell and France’s TotalEnergies posted profits worth a combined US$51 billion in the second quarter of this year, almost double that of the same period last year.

Guterres recalled that in the previous quarter (January-March) the combined earnings of the world’s leading energy companies approached $100 billion.

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