Government considering windfall taxes on higher profits of energy companies

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The dramatic increase in gas and electricity has resulted in energy companies and oil companies making greatly increased profits. The Government has come under pressure to impose a levy on the windfall profits, as has been done elsewhere, including in the UK which has introduced a 25 per cent energy profits levy.

During the course of a media interview in Clones, Co Monaghan, on Tuesday, Mr Martin focused on the energy crisis, saying the matter was of real concern not only here in Ireland but throughout Europe. “We are in extraordinary times. I spoke this morning with Ms von der Leyen in respect of the exponential rise in energy prices. That is a matter of real concern across Europe now, in terms of the fact that we’re looking at price increases over the coming months the likes of which no one anticipated. If you look at future pricing in terms of the wholesale market it’s quite alarming.”

Not if the energy lobbyists have anything to do with it.

Considering? Must be funding mehole and his party. No wonder why there's always more lobbyists in the room lobbying

And then what? Will it be given back to the people?

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