Lmst

Welcome to the #CarbonEconomy in #Trumpistan where #EnergyIndependence and #RenewableEnergy are banned in support of the #CarbonGrift. #CarbonGrifters are already reaping #WindfallProfits from these efforts, the #IranWar is simply a bonus. #GriftersGonnaGrift #Nihilists #EndOfDays #ClimateApocalypse.
https://www.theguardian.com/business/2026/mar/09/iran-war-drives-oil-price-above-100-a-barrel-for-first-time-since-2022?CMP=Share_iOSApp_Other

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: http://go.tum.de/675927

#COP29 #fossilfuels

📷iStock/Rangsarit Chaiyakun

EU Parliament approves €35 billion loan to Ukraine https://www.euractiv.com/section/global-europe/news/eu-parliament-approves-e35-billion-loan-to-ukraine/?utm_source=dlvr.it&utm_medium=mastodon #frozenassets #G7 #Russianassets #Ukraineaid #Windfallprofits

#EU senior diplomats meeting on Wednesday agreed a compromise on using the estimated €4.4bn #WindfallProfits to aid #Ukraine, smoothing over a dispute about #Taxation and #ManagementCosts in #Belgium, the country where most of the frozen assets are held.

The EU deal opens the door to a broader discussion in the #G7 about using #Russia’s frozen billions of assets,

EU reaches deal on using profits from Russia’s frozen assets for Ukraine
https://www.theguardian.com/world/article/2024/may/08/eu-reaches-deal-on-using-profits-from-russias-frozen-assets-for-ukraine

#Italy Govt spooked markets with an unexpected tax on #banks’ #WindfallProfits, sending the country’s leading lenders down in Milan trading at the opening - #Italian banks were the worst performers among European stocks, chart @markets https://tinyurl.com/4y8jf882

AI companies win
Unthinkable profits made
Sharing the wealth just fine?

#ai #openai #windfallprofits #sharingthewealth #haiku #poetry

https://www.vox.com/future-perfect/23810027/openai-artificial-intelligence-google-deepmind-anthropic-ai-universal-basic-income-meta

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.

https://www.oxfam.org/en/press-releases/big-business-windfall-profits-rocket-obscene-1-trillion-year-amid-cost-living-crisis

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

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: http://oxf.am/windfall

🐦🔗: https://n.respublicae.eu/GreensEFA/status/1676929846532874247

722 companies reaped $1tn excess profits & workers' wages fell by 3%
@Oxfam report confirms the urgency of tackling #greedflation & #windfallprofits
EU Solidarity Levy was 1st step. To ensure tax justice, more sectors must be included
@AuroreLalucq
https://oxf.am/windfall

🐦🔗: https://n.respublicae.eu/TheProgressives/status/1676858501145022464

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

https://www.theguardian.com/business/2023/mar/24/bank-of-england-boss-urges-firms-to-hold-back-price-rises-or-risk-higher-interest-rates

#NZ #profiteering #WindfallProfits #tax #GreedFlation

@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

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

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
https://www.youtube.com/watch?v=5J0egwAfO0w