 U.N. Secretary General Abega Pondring, U.N. Secretary General Antonio Guterres has told fossil fuel producers they should not be in business unless they are credibly aiming for net zero emissions and warned that the world is walking into a wider war over Ukraine. In a speech to the 193-member U.N. General Assembly presenting its 2023 priorities, Guterres is also called for a new Britain Woods moment, referring to the 1941 conference that led to the creation of the International Monetary Fund and the World Bank. Guterres has long been pushing for changes to favour developing nations in the global financial institutions and vocal about combating climate change. These are under pressure to cut emissions by in half by 2030 and down to net zero by 2050, the only path to holding global warming to within 1.5 degrees Celsius. Something is fundamentally wrong with our economic and financial system. The global financial architecture is at the heart of the problem. It should be the means through which globalization benefits all, yet it is failing. The global financial architecture does not need a simple evolution. It needs a radical transformation. And I have a special message for fossil fuel producers and their enablers scrambling to expand production and raking in monster profits. If you cannot set a credible course for net zero with 2025 and 2030 targets covering all your operations, you should not be in business. Your core product is our core problem. We need a renewables revolution, not a self-destructive fossil fuel resurgence. The Russian invasion of Ukraine is inflicting untold suffering on the Ukrainian people with profound global implications. The prospects for peace keep diminishing. The chances of further escalation and bloodshed keep growing. I fear the world is not sleepwalking into a wider war. I fear it's doing so with its eyes wide open.