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world economic forum
Addressing Elites at Davos, UN Chief Says Fossil Fuel Addiction Is a 'Frankenstein Monster'
"A number of financial institutions and industries are backtracking on climate commitments," Guterres continued. "Here at Davos, I want to say loudly and clearly: It is short-sighted. And paradoxically, it is selfish and also self-defeating. You are on the wrong side of history. You are on the wrong side of science. And you are on the wrong side of consumers who are looking for more sustainability, not less. This warning certainly also applies to the fossil fuel industry and advertising, lobbying, and PR companies who are aiding, abetting, and greenwashing."
"Global heating is racing forward—we cannot afford to move backward," he added.
Guterres' remarks came as President Donald Trump, a fervent ally of the fossil fuel industry, took office in the U.S.—the largest historical emitter—and moved immediately to expand oil and gas production, which was already at record levels.
The U.S. is among a number of rich nations working to build out fossil fuel infrastructure and ramp up production in the face of runaway warming and worsening climate destruction across the globe.
Intensifying climate chaos—and global elites' disproportionate contributions to the planetary crisis—spurred several protests inside and near the Davos forum this week, with activists demanding higher taxes on the mega-rich and a rapid, just transition to renewable energy.
A climate protester calls for taxes on the rich during the World Economic Forum gathering in Davos, Switzerland on January 21, 2025. (Photo: Halil Sagirkaya/Anadolu via Getty Images)
"It is more than obvious that the super-rich must pay their fair share," Clara Thompson, a Greenpeace spokesperson in Davos, said earlier this week. "Especially when they are among the largest contributors to the climate crisis."
"It shouldn't be the people, already struggling to make ends meet, who have to foot the bill and suffer the consequences of worsening climate impacts," Thompson added. "The scarcity narrative is simply not true—there is enough money to fund a just and green future for all but it is just in the wrong pockets."
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