EU Gears Up to Tax Fossil Fuel Companies Amid Energy Crisis ...Middle East

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EU Gears Up to Tax Fossil Fuel Companies Amid Energy Crisis
source : OILPRICE ( Middle East ) () 30
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…

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