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ActionAid Advocates for Windfall Tax on ‘Climate Wrecking’ FirmsSays Over US$420 billion in Windfall Profits Made in 24 months by 36 Top Fossil Fuel, Financial Firms

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ActionAid Advocates for Windfall Tax on ‘Climate Wrecking’ Firms
Says Over US$420 billion in Windfall Profits Made in 24 months by 36 Top Fossil Fuel, Financial Firms

By: Michael Mike

ActionAid International has advocated for massive imposition of windfall tax on fossil fuel companies including financial institutions, lamenting that ‘climate-wrecking’ firms make billions in ‘surplus profits’ and should be made to pay to ameliorate the harms done.

ActionAid in a statement on Wednesday said a report it conducted has shown that 36 top companies in the fossil fuels and financial sector, often funding fossil fuel use, made over US$420 billion in windfall profits in the 24 months preceding July 2023.

It stated that a tax of 90% on these windfall profits could generate as much as US$382 billion in revenue, an amount that could be spent on public services such as education, or climate action, calling for urgent introduction of windfall profits taxes.

The statement read: “Thirty-six top companies in the fossil fuel industry and their funders made over US$420 billion in
‘surplus’ profits in the 24 months before July 2023, shows a new ActionAid report.
The report shows that taxing these extraordinary profits, referred to as windfall profits, could generate funds to boost public spending, especially for key areas such as education and climate action.

“Windfall profits are often attributed to external context changes and are considered a ‘surplus’ above the regular and expected profits.

“A tax of 90% on the windfall profits of these 36 firms could generate as much as US$382 billion in revenue, shows the report launched as world leaders meet at Davos for the World Economic Forum. This amount is almost 20 times more than the US$21 billion provided by donors for climate adaptation in 2021.”

ActionAid Secretary-General Arthur Larok said: “The scale of profits that fossil fuel companies and their bankers are making in the wake of global crises is truly astounding, especially when compared to the hardships that these crises have brought upon regular people around the world,” insisting that: “Windfall profits taxes make sense. They can bring in significant revenue for climate action and social services, while taxing only the extraordinary corporate profits.”

According to the statement, ActionAid’s research is an analysis of the profits of the top 14 fossil fuel companies and top 22 financial corporations by value on the stock market. In the 24 months to July 2023, these firms made US$1,218 billion in profits. Windfall profits from this amount comes to US$425 billion.

It added that fossil fuel company profits in the 12 months before July 2023 were up by an astounding 278% compared to the average in the period between 2017/2018 and 2020/2021

It noted that both the fossil fuel and the financial industries have been making extraordinary profits in recent years, widely attributed to the impact of Russia’s full-scale invasion of Ukraine, and high interest rates adopted by many countries in response to growing inflation, stressing that: “ActionAid’s research in 2023 found that banks alone have poured over US$3.2 trillion into fossil fuels in the Global South since the Paris Agreement was adopted in 2015, making them complicit in climate damage.”

The statement recalled that at COP27, United Nations Secretary-General Antonio Guterres asked governments to tax the windfall profits of fossil fuel companies and redirect that money to those impacted by climate change, lamenting that over a year later, only some EU Member States, the UK, and a few Latin American countries, have introduced some forms of temporary and often limited windfall taxes on fossil fuel companies.

ActionAid Advocates for Windfall Tax on ‘Climate Wrecking’ Firms
Says Over US$420 billion in Windfall Profits Made in 24 months by 36 Top Fossil Fuel, Financial Firms

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Former Kaduna governor El-Rufai loses mother

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Former Kaduna governor El-Rufai loses mother

By: Zagazola Makama

The former Governor of Kaduna State, Nasir Ahmad El-Rufai, has lost his mother, Hajiya Umma, who passed away on Friday.

The announcement of her death was announced by the Elrufai Family on Friday.

Family sources said the deceased had been battling age-related health challenges, which worsened in recent times.

According to the sources, her condition reportedly deteriorated further after she learned of the detention of her son by the Independent Corrupt Practices Commission (ICPC).

They noted that El-Rufai had been closely managing his mother’s health prior to her demise.

The family prayed for Almighty Allah to forgive her shortcomings and grant her Aljannatul Firdaus.

Former Kaduna governor El-Rufai loses mother

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NSCDC Unveils Five-Year Strategy to Strengthen National Security

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NSCDC Unveils Five-Year Strategy to Strengthen National Security

By: Michael Mike

The Commandant-General of the Nigeria Security and Civil Defence Corps (NSCDC), Abubakar Audi has unveiled a comprehensive five-year strategic roadmap aimed at strengthening national security, boosting operational efficiency and enhancing professionalism within the Corps.

Speaking at a high-level meeting with commanding officers from state formations across the country, Audi described the gathering as both “historic and strategic,” noting that it signaled the beginning of the second phase of his leadership following his reappointment.

The NSCDC boss expressed gratitude to President Bola Ahmed Tinubu for approving his reappointment and to the Minister of Interior, Olubunmi Tunji-Ojo, for recommending him for the position.

According to him, the renewed mandate provides the opportunity to deepen reforms and reposition the Corps for greater efficiency and national relevance.

Reflecting on his previous tenure, Houdi highlighted reforms introduced to tackle internal challenges within the organisation, particularly the issue of staff stagnation that had affected morale among personnel.

He noted that his administration addressed long-standing promotion delays and salary arrears, adding that efforts were ongoing through a presidential committee responsible for settling outstanding payments across Ministries, Departments and Agencies.

The Commandant-General also underscored the importance of capacity building, revealing that the Corps had developed a standardised curriculum for its training institutions. He described the initiative as a major step toward strengthening professionalism and operational discipline within the agency.

He said more senior officers have also been sponsored to attend strategic leadership programmes, including courses at the National Institute for Policy and Strategic Studies (NIPSS), aimed at improving institutional leadership and policy competence.

“Training remains central to discipline, professionalism and productivity,” Houdi said, adding that the next phase of his leadership would prioritise retraining and ethical reorientation of personnel.

He also highlighted operational achievements recorded by the Corps, particularly in the fight against oil theft and illegal mining across the country.

According to him, the Corps’ Special Intelligence Squad has dismantled more than 400 illegal refineries, arrested and prosecuted over 1,000 suspects, and secured between 400 and 500 convictions.

Similarly, the Mining Marshals initiative has shut down more than 1,000 illegal mining sites nationwide and facilitated the arrest and prosecution of numerous offenders, including foreign nationals.

Audi said these achievements were made possible through collaboration with other security agencies, particularly the Nigerian Army, as well as partnerships with private sector actors.

The Corps has also expanded its operational infrastructure, with new command facilities constructed in several locations and modern surveillance and communication equipment deployed to formations across the country.

He further disclosed that the agency is establishing a hydrocarbon and maritime surveillance centre in partnership with Tantita Security Services Nigeria Limited, alongside an ICT centre project expected to be completed within the next few months.

As part of the new strategy, the NSCDC will increasingly deploy advanced technologies, including artificial intelligence and drone surveillance, to enhance monitoring and protection of critical national assets.

Aidi outlined key priorities for the next five years, including strengthening discipline within the Corps, expanding training and retraining programmes, deploying modern surveillance technologies and enhancing protection of critical infrastructure.

He also announced plans to establish specialised units dedicated to safeguarding power infrastructure and tackling vandalism in the electricity sector.

The Commandant-General warned that the Corps would maintain zero tolerance for indiscipline and misconduct among personnel.

“We must restore professionalism and discipline. Any conduct outside our code will not be tolerated,” he said.

He urged officers to remain committed to protecting critical national infrastructure and to deepen intelligence sharing and collaboration with other security agencies in strengthening the country’s security architecture.

Audi challenged personnel to demonstrate the Corps’ relevance through tangible results.

“We must prove that we are ready to serve the nation with loyalty, commitment and professionalism,” he added.

NSCDC Unveils Five-Year Strategy to Strengthen National Security

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ECOWAS Court Launches Five-Year Strategic Plan to Deepen Justice, Regional Integration

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ECOWAS Court Launches Five-Year Strategic Plan to Deepen Justice, Regional Integration

By: Michael Mike

The ECOWAS Court of Justice has unveiled an ambitious five-year strategic plan designed to strengthen the rule of law, expand access to justice and deepen regional integration across West Africa.

The plan, which will run from 2026 to 2030, was officially launched on Friday in Abuja, where the leadership of the court outlined a bold vision to transform the institution into a more effective and accessible pillar of justice within the Economic Community of West African States (ECOWAS).

President of the court, Ricardo Goncalves, described the strategy as a decisive moment for the institution, saying it reflects a renewed commitment to strengthening the court’s role in safeguarding justice and promoting stability across the region.

“This moment is not merely symbolic. Above all, it represents a turning point. It is a clear affirmation of our collective resolve to strengthen the role of the Court as a guarantor of the rule of law, a promoter of justice, and a vital pillar of regional integration in West Africa,” he said.

According to him, the new strategy outlines a shared vision focused on institutional transformation, operational efficiency and measurable impact on the lives of citizens within the ECOWAS community.

Goncalves emphasised that the success of the initiative would depend on strong collaboration among judges, court staff and key regional stakeholders, stressing that each group has a critical role to play in achieving the objectives of the plan.

He charged judges of the court to reinforce the quality of jurisprudence, ensure consistency in judicial decisions and contribute to building a justice system that is accessible, timely and widely respected across member states.

The court president also highlighted the pivotal role of administrative staff, describing them as the backbone of the institution whose commitment to efficiency, case management and technical excellence would determine the effectiveness of the new framework.

Beyond internal reforms, he stressed the need for stronger partnerships with ECOWAS member states, regional institutions, legal practitioners, development partners and civil society organisations to ensure effective enforcement of court judgments and greater legal harmonisation across the region.

He noted that improved planning, transparency and a results-driven institutional culture would form the foundation of the strategy, which aims to reposition the court as a more visible and influential institution in regional governance.

In her welcome address, the Deputy Registrar of the court, Marie Saine, described the unveiling of the plan as the beginning of a renewed commitment to justice and service to the people of the ECOWAS region.

She explained that the Strategic Plan 2026–2030 was developed through extensive consultations, rigorous institutional review and forward-looking analysis to ensure that it responds effectively to emerging legal and governance challenges within West Africa.

Saine said the strategy is anchored on five key goals, including ensuring timely and impartial justice, expanding access to justice and legal empowerment, strengthening human rights protection and legal harmonisation, improving transparency and stakeholder engagement, and enhancing institutional capacity and governance.

She noted that the roadmap is both ambitious and pragmatic, providing clear priorities that will guide the court’s work over the next five years.

The ECOWAS Court of Justice serves as the judicial arm of the Economic Community of West African States, with the mandate to interpret community law, protect human rights and resolve disputes involving member states and institutions of the regional bloc.

Officials said the newly unveiled strategic framework replaces the court’s previous plan and is intended to position the institution to respond more effectively to evolving legal demands while strengthening its contribution to justice, peace and regional integration in West Africa.

ECOWAS Court Launches Five-Year Strategic Plan to Deepen Justice, Regional Integration

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