European Energy Companies Face $140 Billion Windfall Tax and Revenue Cap

GALWAY, IRELAND--September 20, 2022--Written by Martin Lynch, European News Editor for Industrial Info (Galway, Ireland)--The European Union (EU) is aiming to raise up to 140 billion euro (US$139.6 billion) from an emergency windfall tax it intends to impose on the surging profits of energy companies.

Within this article: Details EU windfall tax and revenue cap on energy companies, impact on profits, industry response, state of European energy crisis, gas storage, additional proposed measures