The European Union is preparing to propose a plan that would force fossil fuel companies taking in windfall profits from surging oil and gas prices to submit financial contributions to offset soaring household energy bills, a draft document circulating around Brussels indicates. The European Commission is expected to release the details of the draft proposal this week, which would then require a majority vote from the 27-member bloc. The draft, seen by Reuters, is also said to include bailouts for power firms that are at risk…
Hence then, the article about eu gears up to tax fossil fuel companies amid energy crisis was published today ( ) and is available onOILPRICE ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
Read More Details Finally We wish PressBee provided you with enough information of ( EU Gears Up to Tax Fossil Fuel Companies Amid Energy Crisis )