Will oil companies finally pay for climate damage? UN discusses global tax
Climate / 05.02.2026

Will oil companies finally pay for climate damage? UN discusses global tax

A global tax on fossil fuel companies could redirect much-needed resources to countries like India that are bearing disproportionate climate impacts despite contributing far less to historical emissions.

The world’s nations have gathered to negotiate what could be a game-changing global tax system, one that would make fossil fuel companies pay for the climate damage they’ve caused. At the United Nations headquarters in New York, countries are hammeri... [3439 chars]

Published by: India Today

Read full article here: https://www.indiatoday.in/science/story/oil-gas-coal-fossil-fuel-use-tax-united-nation-climate-change-mitigation-adaptation-new-york-negotiations-2862904-2026-02-05

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