UN chief Guterres lashes out at energy companies

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António Guterres, Secretary-General of the United Nations, has lashed out at rich countries and large energy companies. According to the 73-year-old Portuguese, poor countries are saddled with high interest rates and high energy bills.

According to the UN Secretary-General, wealthy countries should make half a billion dollars (470 million euros) available every year to countries that cannot access the capital market due to ‘predatory interest rates’. The poorest countries are in a vicious circle and cannot stimulate their economies.

‘Evil tactics’

Guterres said this at the beginning of a conference of poor countries. According to him, the rich countries are busy harming poor countries ‘with malicious tactics’. He opened a summit of 46 Least Developed Countries (LDC). It is held every ten years. The LDC Summit is in Doha this time.

Guterres also accused large companies in the gas and oil sector of making colossal profits while the LDC cannot put food on the table.

United Nations Secretary-General Antonio Guterres speaks to reporters during a news conference, in Baghdad, Iraq, Wednesday, March.1, 2023.(AP Photo/Hadi Mizban)
United Nations Secretary-General Antonio Guterres speaks to reporters during a news conference, in Baghdad, Iraq, Wednesday, March.1, 2023.(AP Photo/Hadi Mizban) (ANP / Associated Press)

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