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EU Considers Taxes on Energy Firms' Profits After Saudi Refinery Closure

Primul articol: 10 apr. 2026, 16:02 | Ultima actualizare: 10 apr. 2026, 16:02 | 1 sursa | 1 articol
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The European Union is exploring the possibility of implementing taxes on the excessive profits earned by oil and gas companies. This move comes in the wake of the closure of a Saudi refinery, which has further tightened the global energy supply and driven up prices. The EU aims to redistribute some of these profits to alleviate the burden on consumers facing high energy costs.

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Euronews English 10 apr. 2026, 16:02 (acum 3 ore)

EU considering excessive profit taxes on oil and gas companies, foreign profits remain unclear

The European Commission is considering taxing windfall profits, similar to the mechanism applied in 2022 during the natural gas crisis. The plea came from five EU countries, which also called for the tax to be expanded to foreign profits dealing with fossil fuels.

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