Finance and economy ministers from Austria, Germany, Italy, Portugal and Spain are pressing for the European Commission to impose windfall taxes on energy companies as they profit from the crisis caused by the Iran war, dpa learnt on Saturday.
The ministers point to a solidarity levy imposed during the energy crisis that followed the Russian full-scale invasion of Ukraine in February 2022 in a letter addressed to Climate Commissioner Wopke Hoekstra.
The commission should rapidly introduce a similar EU-wide instrument based on solid legal foundations, given the current market distortions and financial pressures, the letter said.
An EU-wide solution would signal to EU citizens and business that the bloc was standing and acting together to compel those profiting from the war to make their contribution to easing the burden.
The proceeds should be used to finance measures to ease the burden on consumers and to limit price rises without imposing additional burdens on EU budgets, it said.
LATEST POSTS
- 1
Vote in favor of your Number one Kind of Gems - 2The 1 question we have to ask ourselves about the Taylor Frankie Paul 'Bachelorette' scandal
- 3CDC changes kids' vaccine schedule, removing universal recommendation for some shots
- 4Mount Everest Climbers 'Poisoned' by Guides Prompting Mass Helicopter Rescues in $20 Million Insurance Fraud Scheme, Police Say
- 5Charlotte faith leaders hold interfaith forum on Black and Palestinian solidarity
- RSF attack on Sudan’s South Kordofan kills at least 14, including children
- Science is best communicated through identity and culture – how researchers are ensuring STEM serves their communities
- 5 Great Crossover Vehicles For Eco-friendliness In 2024
- Parents who delay baby's first vaccines also likely to skip measles shots
- How to get rid of your Christmas tree — and the 1 thing to never, ever do with it
- Earth’s magnetic field protects life on Earth from radiation, but it can move, and the magnetic poles can even flip
- Winter storm headed for Midwest to Northeast. Here's how much snow to expect.
- In wrangling dark matter, some scientists find inspiration in the Torah, Krishna and Christ
- Step by step instructions to Pick the Ideal Authorize Internet Advertising Degree Program
