Tag: energy and utility law
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‘We desperately need money,’ climate envoy Kerry tells CNN amid criticism of his emission credits plan
CNN — US climate envoy John Kerry on Thursday defended his plan to raise cash for climate action by selling carbon emission offsets to companies, telling CNN there was “not enough money in any country in the world to actually solve this problem.” Speaking to CNN at the COP27 climate summit in Egypt, Kerry said…
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Europe agrees to oil and gas windfall tax amid ‘insane race’ to tame energy crisis
London CNN Business — EU governments agreed Friday to tax the windfall profits of oil and gas companies and to cap the revenues of some electricity generators as the cost of Europe’s energy crisis spirals higher. But energy ministers from the 27 EU member states failed to reach an agreement on a proposal by the…
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UNGA: Tax fossil fuel companies ‘feasting’ on profits, UN chief urges
London CNN Business — Rich economies should hit oil and gas companies with new windfall taxes to provide help for countries suffering from climate change, and people struggling with soaring energy and food bills, UN Secretary General António Guterres said Tuesday. The UN chief accused energy giants of “feasting on hundreds of billions of dollars…