EU proposes windfall levy to claw back surplus profits from fossil fuel companies

  • 📰 FXStreetNews
  • ⏱ Reading Time:
  • 64 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 29%
  • Publisher: 72%

United Kingdom News News

United Kingdom United Kingdom Latest News,United Kingdom United Kingdom Headlines

EU proposes windfall levy to claw back surplus profits from fossil fuel companies – by eren_fxstreet Europe Politics Energy

"EU Commission proposes 180 euros per megawatt hour revenue cap for non-gas fuelled power generators."

"EU revenue cap would apply to wind, solar, biomass, lignite, nuclear and some hydropower generators.""EU levy would recoup 33% of oil, gas, coal, refining companies' surplus taxable profits in the fiscal year 2022.""EU proposes mandatory target for EU countries to cut electricity use 5% during peak price periods."Information on these pages contains forward-looking statements that involve risks and uncertainties.

If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.

FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.

The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 14. in UK
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

How Fossil Fuel Companies Overpromise But Under-Deliver On Climate GoalsFossil fuel companies talk a good game but the latest report from InfluenceMap shows how what they say doesn't match what they do. No surprise there... Sadly
Source: cleantechnica - 🏆 565. / 51 Read more »