April 24, 2024

AndronETalksNews

AndronETalksNews

Energy giant ExxonMobil sues EU to block energy windfall tax

"Houston, Texas, USA - February 25, 2012: Company brand name and logo at their office in downtown Houston, Texas. ExxonMobil is a major oil and gas company based in Irving, Texas"

BBC News

By George Wright
December 29, 2022
 

US energy giant ExxonMobil is suing the EU in a bid to force the bloc to scrap its new windfall tax on oil firms.

A windfall tax is imposed on firms that benefitted from something they were not responsible for.

Energy firms are getting much more money for their oil and gas, partly due to supply concerns as a result of Russia’s invasion of Ukraine.

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