The proposal, details of which are expected to be unveiled by Brussels this week, would see European Union countries introduce a "solidarity contribution" for companies that have reported bumper profits from selling fossil fuels this year.
"The solidarity contributions are justified by the fact that such companies make unpredictable surplus profits," the draft said. A rapid recovery in demand following the pandemic and a surge in oil and gas prices driven by Russia's invasion of Ukraine have boosted profits for energy companies this year.
"We acknowledge the need for concerted policy and other action to alleviate the energy price crisis in Europe and elsewhere. We're aware of the EU proposal for a ‘solidarity contribution’ and await further details from the Commission," a Shell spokesperson said.
Socialism. If they can take profits from Shell why stop there ?
Again, shifting focus instead of solving the po problem: self-imposed anti-Russian sanctions are destroying EU. Period.
Dear EU, What is an excess profit? Please provide definition.
Define 'excess profits' 🙄 'EU plans to initiate physical violence against private entities to make up for its decade long disastrous energy policies.' Fixed it!
Be much easier to tell them to reduce prices…
Why can't they lower the taxes? Dump the stupid system of trading the CO2 emission stuff? Why not cut down the costs of running the EU and minimising it's huge bureaucracy?
TAX the BANKS ,they are responsible for the ramp up
Great! 👋👋👋
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