QUOTE
Reacting to record annual profits made by
"The fossil fuel industry should be in decline. Instead, it is making vast historical profits, profiteering from the rise in energy prices resulting from
"That Big Oil's profit margins have swelled so vastly is patently unjustifiable. These profits are an unmitigated disaster, both for the climate and for the millions of people deeply affected by exorbitant energy costs.
"The fossil fuel industry needs to be urgently phased out through a human rights compliant and just energy transition. In the interim, the billions of dollars of profits being made by these oil corporations must be adequately taxed so that governments can address effectively the rising cost of living for most vulnerable populations and better protect human rights in the face of multiple global crises."
Background
Combined, the annual profits of
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