- Oil and gas companies will have to share their excess profits to help European households and industries cope with red-hot energy bills, a draft European Union plan showed on Monday (12 September).
- Oil, gas, coal and refining companies would have to make a financial contribution based on “taxable surplus profits made in the fiscal year 2022”.
- The temporary scheme would raise cash to help governments mitigate Europe’s energy crisis with measures such as supporting households and businesses with high bills, helping energy-intensive industries, cutting EU energy consumption and making Europe more self-sufficient in its energy supplies.
EU plans ‘solidarity contribution’ from oil and gas firms during energy crisis
