Sign the petition
The global tax treaty that can make polluters pay
Every time oil and gas prices spike, from war, shortage, or plain market panic, big oil and gas companies cash in. We pay more at the pump and on our energy bills. They pay almost nothing extra in tax.
But a new treaty is taking shape that could fix that and help fund the future we all want. For the first time ever, every country gets an equal say in global tax rules. And there's a real chance that higher, permanent taxes on fossil fuel profits get written into the treaty, reclaiming trillions for climate protection and affordable clean energy for the people who need it most.
Tell world governments to make sure this time, the worst and the wealthiest polluters pay for the damage they've caused.
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350 in partnership with Eurodad and Global Witness
To: All participating governments of the UN Tax Convention negotiations
We call on you to:
- Write a permanent surtax on fossil fuel corporations' global profits into the UN Tax Convention, aligned with the polluters-pay principle, so companies making billions from the climate crisis pay for it long after this year's price spikes are forgotten.
- Direct that revenue to the communities and countries hit hardest by climate disasters, energy poverty and fossil-fuel price shocks, and to a fast, fair shift to renewable energy, not just to plug rich countries' own budgets.
To illustrate what would be possible it is worth noting that: A 20% surtax on the world's 100 biggest oil and gas companies, applied since the Paris Agreement, would have raised an estimated $1.08 trillion (Eurodad / Global Alliance for Tax Justice).
