Vietjet orders 100 Airbus A321neo planes
Vietnamese carrier Vietjet has ordered 100 single-aisle A321neo jets from Airbus, the European plane maker said in the latest deal announced at the Paris Air Show.
The deal would be worth almost US$13 billion ($21.6b) under 2018 catalogue prices.
It includes an option for Vietjet, Vietnam's largest private airline, to
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Techday NZ
15 hours ago
- Techday NZ
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Scoop
19 hours ago
- Scoop
Global Survey Finds 8 Out Of 10 People Support Taxing Oil And Gas Corporations To Pay For Climate Damages
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When asked who should be taxed to pay for helping survivors of fossil-fuel driven climate disasters, 66% of people across countries surveyed think it should be oil and gas companies compared to than 5% who support taxes on working people, 9% on goods people buy, and 20% in favour of business taxes. 68% felt that the fossil fuel industry and the super-rich had a negative influence on politics in their country. 77% say they would be more willing to support a political candidate who prioritises taxing the super-rich and the fossil fuel industry. Oxfam's research finds that 585 of the world's largest and most polluting fossil fuel companies made $583 billion in profits in 2024, a 68% increase since 2019. The annual emissions of 340 of these corporations (for whom data was available) accounted for over half of global greenhouse gas emissions caused by humans. Their emissions in just one year are enough to cause 2.7 million heat-related deaths over the next century. A polluter profits tax on these companies would ensure that renewable energy is more profitable than fossil fuels, encouraging companies to invest in renewables, as well as avoid more deaths driven by fossil fuelled climate change. This new tax must be accompanied by higher taxes on the super-rich and other polluting companies. Governments should impose such taxes nationally and engage positively at the UN to ensure a fair global tax agreement. Nick Henry, Climate Justice Lead for Oxfam Aotearoa, said: "This new poll shows that people support Oxfam's call for our leaders to make polluting corporations pay for the damage they cause to our climate." "People understand that storms, floods, drought, wildfires, and other extreme weather events are being fuelled by oil and gas corporations. 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Corporations continue to cash in on climate devastation, and their profiteering destroys the lives and livelihoods of millions of women, men and children, predominantly those in the Global South who have done the least to cause the climate crisis. Governments must listen to their people and hold rich polluters responsible for their damages. A new tax on polluting industries could provide immediate and significant support to climate-vulnerable countries and finally incentivise investment in renewables and a just transition." Nick Henry continued: "Rather than subsidising new oil and gas drilling, and fast-tracking coal mines, our Government should be holding fossil fuel companies responsible for the costs facing our communities to adapt to climate change." Notes: The research was conducted by market research company Dynata in May-June, 2025, in Brazil, Canada, France, Germany, Kenya, Italy, India, Mexico, the Philippines, South Africa, Spain, the UK and the US. Together, these countries represent close to half the world's population. Results available here. Oxfam's polluter profits tax model is explained in this blog and methodology note attached. The methodology note also explains the basis for the emissions of fossil fuel companies and their impacts on heat-related deaths. These deaths were calculated on the basis of emissions in 2023.
NZ Herald
a day ago
- NZ Herald
Trump's economic policies unsettle markets, boost European stocks
US President Donald Trump has taken just a few months since his election to upend global financial markets with his economic policies. Many investors are pulling money out of the United States, the mighty dollar has lost its lustre and Wall Street is being outpaced by European stock markets. Here
