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#windfallprofits — Public Fediverse posts

Live and recent posts from across the Fediverse tagged #windfallprofits, aggregated by home.social.

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  1. RE: todon.eu/@regendans/1170450176

    On the gap between those profiting & responsible & those paying for it; translated into English: "”High time for ExxonMobil and co. to pay the climate bill

    “Dieter De Cleene is a science journalist at De Morgen. While the contrast between the rising climate bill and the towering profits of the cause of the problem is getting worse, the bill essentially falls to those who are least responsible. That is becoming increasingly difficult to justify, he writes."”

    #climateCatastrophe #fossilFuels #energyPolitics #theClimateBill #windfallProfits #consequences #reconnectingConsequencesToCauses

  2. April press release, Congressional Progressive Caucus, 101 members-
    *Progressives Announce New Affordability Agenda* to lower costs, establish better wages & benefits, & end corporate greed.
    You have to drill down to the actual PDF to get the bills' names:

    Abolish Super PACs Act
    Affordable Drug Manufacturing Act
    #BigOil #WindfallProfits Tax Act
    #ChildCare for Every Community Act
    Fair Competition for Small Biz Act
    Stop A.I. Price Gouging... Act
    .
    #USA #DemocraticSocialism
    progressives.house.gov/2026/4/

  3. BP slammed over ‘astronomical’ profits amid oil price spike caused by Iran war

    BP has come under fire after revealing profits more than doubled in the first three months of the…
    #NewsBeep #News #BreakingNews #breakingnews #Iran #windfallprofits
    newsbeep.com/508865/

  4. Accountancy is the distraction international climate institutions pursue. They err because reducing emissions would imply devaluing the fossil fuel assets of powerful actors. 🧵

    #assets #assetStranding #carbonPricing #fossilFuels #carbonCredits #offsets #industrialPolicy #climatePolicy #economy #windfallProfits #carbon

  5. "The cause of climate change is the extraction and combustion of fossil fuels. But instead of focusing on the fundamental root cause, we’ve been focused on the interim product, emissions.
    "But what I show in the book is that managing tons is an extremely narrow and technical understanding of the problem of climate change."

    Jessica Green: yaleclimateconnections.org/202

    #assets #carbonPricing #fossilFuels #carbonCredits #offsets #industrialPolicy #climatePolicy #economy #windfallProfits

  6. @ApaulD
    Yes, everything you say resonates loud & clear. Why don’t they [Big Oil, Big Gas] surprise us all by agreeing pleasantly to share their “windfall profits” with the country that hosts them? (Don’t answer: rhetorical!)

    #bigOil #bigGas #AusPol #windfallProfits #profitSharing #profiteering

  7. Researchers found that #windfallprofits from oil and gas companies during the 2022 #energy crisis could have covered existing industrialized nations' commitments to poorer countries for nearly five years: go.tum.de/675927

    #COP29 #fossilfuels

    📷iStock/Rangsarit Chaiyakun

  8. Could we eradicate society's biggest issues? Can they be solved with money? Then yes, we can. Whether money end up in someone's pocket who's already extremely wealthy or used for the betterment of all the people, is a political decision. In each and every decision there is always #politics.

    oxfam.org/en/press-releases/bi

    #WindFallProfits #capitalism #corporatism #bigtech #bigpharma #bigcorp

  9. 722 of the world’s biggest corporations together raked in over *$1 trillion* in #WindfallProfits each year for the past 2years 🤯
    A tax on those profits could have generated money to tackle poverty & climate change.
    New study by @Oxfam & @ActionAidEU: oxf.am/windfall

    🐦🔗: n.respublicae.eu/GreensEFA/sta

  10. This is equally true for #Aotearoa and we need a tax on windfall profits to help keep inflation down;

    “The profits of Britain’s biggest firms have spiked 89%. So to claim that there is no evidence of excessive profiteering just isn’t credible. Policymakers seem determined to remain prisoners of a broken economy. They need to wake up.”

    Sharon Graham, UK Unite General Secretary, 2023

    theguardian.com/business/2023/

    #NZ #profiteering #WindfallProfits #tax #GreedFlation

  11. @markwyner We need either a #WindfallProfits tax or to raise taxes on Corporate Wealth in general so that that's no longer any incentive to wildly overcharge. #FreeMarketMyAss

  12. The 'inframarginal revenue cap' to address #windfallprofits – ❌which doesn't feature in the latest draft proposal – has been applied differently across the EU. If similar measures are adopted in the future, a harmonised approach will be crucial for investment certainty. 5/7

  13. Mia Motley Prime Minister of Barbados at the Opening of the #COP27 World Leaders Summit.
    She doesn't mince words on the north -south divide, lack of political will from the north, and the continued colonialism and imperialism that highlights debr inequality.
    and the time for Loss and Damage is now. Needs to include non-state actors like the Fossil fuel companies that have had over $200 billion in windfall profit over the last 3 months.
    Multilateral development banks need to be reformed.
    "We have the capacity to choose differently"

    #LossandDamage #BrettonWoods #debtinequality #climatechange
    #MiaMotley #WorldLeadersSummit #WindfallProfits #FossilFuels
    youtube.com/watch?v=5J0egwAfO0

  14. 🆕 The EU needs massive public investment to achieve #EnergyTransition & #ClimateGoals #EESCnews @EESC_TEN

    💡 EESC proposes skimming #WindfallProfits & applying "golden rule" to finance infrastructure

    📺 Watch EESC member @ThomasKattnig & read full story europa.eu/!Jd9XHm

    🐦🔗: nitter.eu/EESC_PRESS/status/15