5min chapter

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Winter is Coming Episode 4 | Mark Lewis, Head of Climate Research, Andurand Capital

SmarterMarkets™

CHAPTER

Is There a Solidarity Tax on Fossil Fuel Producers?

The cost of this, and it will initially be on the UK government balance sheet. So taxpayers are ultimately going to have to pay for this, is £130 billion. That's more than the UK government stepped in to deal with the impact of the pandemic. It's an indication of the real panic amongst governments across Europe about the scale of social disintegration that this could cause if they hadn't stepped in.

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