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businessThursday, June 25, 2026

UN chief targets Big Oil for AI data center power

The UN's António Guterres threw a grenade into London Climate Action Week, calling for a windfall tax on fossil fuel profits to fund climate adaptation and demanding that AI data centers be powered by renewables. It's a direct challenge to the tech industry's insatiable energy appetite, and it landed on a day when two separate pieces argued that Elon Musk's wealth is built on government support, not pure genius.

Sources
+9

Energy and AI

The biggest story today is a political push to connect AI's energy demand with climate accountability.

Musk's wealth under scrutiny

Two pieces independently question how much of Elon Musk's fortune comes from government support, with one noting he briefly lost trillionaire status.

Also today15

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  • What Happens if the U.S. Defaults?www.theatlantic.com

    In this episode of The David Frum Show, host David Frum first reacts to reporting about Trump-branded cellphones marketed as "patriotic," arguing this undermines public confidence in American free enterprise. He then interviews Lloyd Blankfein, former CEO of Goldman Sachs, about

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    The article argues that Elon Musk's wealth and success with companies like Tesla and SpaceX are overwhelmingly dependent on government support — including subsidies, tax breaks, loans, contracts, and regulatory policies. It examines how government intervention, from EV tax credit

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More roundups that day

UN chief targets Big Oil for AI data center power | Business Roundup · 25 Jun