US energy giant ExxonMobil is suing the EU in a bid to force the bloc to scrap its new windfall tax on oil firms.Energy firms are getting much more money for their oil and gas, partly due to supply concerns as a result of Russia's invasion of Ukraine.
In September, European Commission chief Ursula von der Leyen announced the plan for major oil, gas and coal companies to pay a "crisis contribution" on their increased 2022 profits. But Exxon argues that the levy discourages investments and undermines investor confidence, in a challenge filed at the EU's Luxembourg-based General Court.
In an investor meeting earlier this month, ExxonMobil's chief financial officer estimated that the EU tax would cost the group "over $2 billion".
Now we'll see a contest between a community of over 600 million and a comparative handful of very rich Exxon shareholders. Note this is a warning of what lies ahead under the TTIP. BE WARNED!
Because the EU has no need for energy at the moment…Muppets
Europe really needs to call MadameGuillotine
Love it. Glad we left the corrupt EU.
The EU will back down. All energy companies are spearheading the road to environmental solutions. Country government leaders are relying on them to succeed to meet with Paris agreement targets. Extraction of windful tax will mean EU will not succeed. Don't be miss lead.
Increase the tax until they sit down.
😆😆😆 the EU
Go on Exxon, sue the arse off these EU numphty
Here's an idea how bout we start using Russian oil and gas again and stop using American oil and gas... Just a thought to stop American companies who run the white house using our money to sue us...
The Americans fuelled the ukrain war by refusing to help those in the dombass region then encouraged the eu to stand against the Russian force who went in to protect them, then encouraged the eu to stop using gas and oil from Russia, know the US companies want to take more money
Just tell them to f.. Off.. Pay more tax or just get
Pure scum
This is exactly what people said would happen, go after them too harsh and they will bite back, in this instance they will either win their case, or simply stop investing in the EU costing the EU more than got from the tax grab in the first place.
The country needs something done about the rising and high cost of fuel. It’s ridiculous how much we are having to pay to keep warm. Food and fuel are essential. The government should be helping make our lives better not worse which seems to be what’s happening!
I would think that the same fate of people criticising Putin, should be similar to the fate of these parasites. One thinks it might change if this started happening!
Greed, pure and simple- greed!
You are showing a feature on hair-cuttings in Belgium on loop as if it’s some great discovery ‘over there’. Yet hair is being re-purposed for oil spills here in UK, and astory about such a salon is on your website. So why give Belgium the free publicity?
Well countries should extract oil themself instead of auctioning off sectors of the sea allowing these companies to export the oil in the first place and then having to buy it back at market price. I mean how fucking stupid is that. Oh yes sorry it's all about backhanders
…or can the EU ban them from any and all dealings within the EU?
Can the EU now please counter-sue for crimes against humanity (I.e. conducting business activities whilst knowingly destroying global habitats, and prim- contributor to accelerated climate change, all to the advantage of shareholders.)…
Finally, the oil companies find their balls.
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RishiSunak needs to start charging windfall tax for all these gas and oil companies
And there we have it. They don’t give a damn about their consumers or the planet. The company who hid the damage of fossil fuels from us for decades and pay a fortune to convince us climate change isn’t happening. It’s time to end fossil fuels. No bailouts.
shibaliquor is doing something massive on his pinned shiba
Just withdraw every tax break they have and backdate it ten years. Stay firm, EU guyverhofstadt vonderleyen
The old 'sorry we are gouging you, but don't try to gouge us' defense.
shibaliquor is doing something massive on his pinned shiba
Another corporation that cares about nothing except themselves
remember energy giants would be perfectly okay with you and your family freezing to dealth if it means they could save .5% of their profits
Sell Exxon’s licence to someone else
Greed and avarice
These are the kind of companies the Tories try to protect, whilst they rip off citizens of the UK. Highest energy prices in Europe.
Eu is controlled by corporations, glad to be out of it tbh
EU should make them pay double for a laugh
Who gives his tithe of food Jesus saved from eternal fire. Deut. 26:12, and Matthew 25:41,42, amen. Dicena the Shepherd of love.
I hope they double the tax to punish them for this stunt
If they don’t like paying taxes, they could market their products elsewhere. Simple.
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