This week's proposals from the European Commission to reduce soaring energy prices and help households and businesses through the crisis are not enough, several European industry associations say. On Wednesday, the Commission said it would propose a revenue cap for companies producing electricity at a low cost and a "crisis contribution" from the extra profits of fossil fuel companies in a plan to raise $140 billion (140 billion euros) to cushion the energy crisis blow to European citizens and economy. The EU will also look to reform the…
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