Fossil Fuels

Coal, oil, and gas companies produce over 75% of global greenhouse gas emissions, yet the five largest firms alone reported $281 billion in profits over the past two years.

Meanwhile, fossil fuel subsidies surged to $7 trillion in 2023, underscoring the misalignment between corporate profits and public costs.

Solidarity levies offer a way to shift this balance, ensuring that those profiting most from carbon emissions will contribute more to climate action.