Can an EU-Wide Tax on Oil Profits Ease Europe's Energy Crisis?
4 Articles
4 Articles
Oil companies have generated €36 billion in additional margins in Europe due to the US-Iran war.
Can an EU-wide tax on oil profits ease Europe's energy crisis?
A new report commissioned by Greenpeace Germany found that oil companies earned €36 billion in additional margins from the fallout of the US-Iran conflict between March 1 and October 19. Can Europe tax these profits to help ease rising energy bills?
IN 30 SECONDS What has happened? The European Commission weighs — with no formal proposal or timetable — a tax on the extraordinary profits of oil companies, which Greenpeace has recorded at 36 billion euros since the beginning of the war between the United States and Iran on 28 February. Who is behind it? Six Member States — Germany, Portugal, Spain, Austria, Italy and Poland — claimed the tax at the beginning of the year. Energy ministers disc…
A new analysis by Greenpeace Germany shows the stellar gains of the oil industry since the beginning of the war in Iran.
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