EDM: Fossil fuel company profits

Fossil fuel company profits

Tabled by Freddie van Mierlo (Liberal Democrat) 38 signatures

The motion

That this House recognises the urgent need to address the climate and ecological crisis; notes that oil and gas companies have made record profits while contributing significantly to climate breakdown; further notes that millions of people in the UK and globally are already paying the price through extreme weather, flooding, and environmental degradation; acknowledges polling which shows that the vast majority of the public support making big polluters pay for the damage caused; calls for the introduction of a windfall tax on the big banks, which have overseen billions of pounds in unexpected profits; and urges the Government to step up their action on adaptation, nature’s recovery and clean renewable energy at COP30 to enable the UK to act as a leader on the world stage when it comes to tackling climate change.

Signatories (38)