EU plans ‘solidarity contribution’ from oil and gas firms during energy crisis. Oil and gas companies will have to share their excess profits to help European households and industries

7 comments

1. “**Oil and gas companies will have to share their excess profits to help European households and industries cope with red-hot energy bills, a draft European Union plan showed on Monday** (12 September).
   **The draft European Commission proposal**, which is expected to be unveiled this week, **would see the 27 EU countries introduce a ‘solidarity contribution’ for the fossil fuel industry.**
   **Oil, gas, coal and refining companies would have to make a financial contribution based on “taxable surplus profits made in the fiscal year 2022”**, according to the draft, which could still change and will then need to approval from EU governments in order to become law.
   The temporary scheme would raise cash to help governments mitigate Europe’s energy crisis with measures such as supporting households and businesses with high bills, helping energy-intensive industries, cutting EU energy consumption and making Europe more self-sufficient in its energy supplies.
   **BP and Shell had no immediate comment. TotalEnergies did not immediately respond to a request for comment.”**

   Good luck getting these greedy money-hungry companies to share their profits for the good of the people…

2. So…how do I provide them my bank account?

3. Just help Venezuela and get that for eu .

4. Wait, won’t adding an extra tax increase the prices even more? Seems like a horrible decision.

5. War time economy incoming.

6. Quick, come up with expenses to route excessive profit!

7. Can they just call it a tax?