Is it true that there is no money for climate action? According to a recent report, more than a trillion dollars could have been raised since 2015, if the world’s 100 largest oil and gas companies had paid a 20% tax on their huge profits.

2026 will be a crucial year for the negotiations of a UN Tax Convention, an international agreement on tax where all countries can participate as equals for the first time. This could become a trillion-dollar treaty that stops tax havens and makes polluters pay for climate action. Done right, it could shift resources to countries in the Global South, who are paying the highest price for a climate crisis they didn’t cause.

Join our call on governments to tax polluters through the UN Tax Convention - get in touch.