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Energy Taxation
‘Electricity Generator Levy Threat to Renewable Investment’
The REA says the windfall tax could slow growth towards net zeroImage: ShutterstockThe government’s plans for the Electricity Generator Levy (EGL) threate…
Oil Price
Italy Expects to Raise $4.2 Billion From Windfall Tax and Power Price Cap
The Italian government expects to raise around $4.2 billion (4 billion euros) from a new windfall tax on energy companies and a price cap on the electricity pro…
Italy
Italy Applies 50% Windfall Tax on Energy Companies' Extra Income, Draft Shows
Italy plans to apply a 50% one-off windfall tax next year on income of energy companies that have benefited from the surge in oil and gas prices, a draft of the…
Spain
Spanish Windfall Tax on Banks, Energy Firms Clears First Hurdle
An amended windfall tax proposal for Spanish banks and large energy companies cleared its first hurdle in parliament in the early hours of Friday with the backi…
Nuclear Reactor
EDF Could Lose 5 Bln Euros from France's Windfall Tax -Les Echos
A planned French windfall tax on energy companies' profits during Europe's current energy crisis would likely cost debt-laden nuclear giant EDF around 5 billion…
Germany
German Finance Ministry Wants 33% Windfall Tax on Energy Firms - Die Welt
Germany's finance ministry aims to introduce a 33% tax on oil and gas companies that have benefited from windfall profits, Die Welt newspaper reported on Tuesda…
Energy Investment
Britain’s Windfall Tax Risks North Sea Cash Flight, Output Drop, Industry Warns
North Sea oil and gas producers hit back after Britain's decision to raise a windfall tax on the sector, warning the move risked jeopardizing investment in the …
United Kingdom
Shell Reviews £25BN UK Investments Plan Because of Windfall Tax
The government recently extended the money raising measure
Crude Oil
India Raises Windfall Tax on Crude Oil
India has raised a windfall tax on crude oil to 10,200 Indian rupees ($125.22) per tonne from 9,500 rupees per tonne, a government order said on Wednesday.
Crude Oil
UK Considering Big Increase in Energy Windfall Tax, Sources Say
British finance minister Jeremy Hunt is considering a big increase in a windfall tax on oil and gas firms and extending it to power generation firms as he tries…
Crude Oil
UK’s Market-Defying North Sea Oil IPO Falls Flat
After braving high-level market volatility in Britain’s biggest IPO of the year, North Sea oil and gas producer Ithaca Energy warned that any further boost to …
Energy Transition
British Energy Giant Bp to Buy Biogas Producer Archaea in $4.1bn Deal
Archaea Energy operates 50 renewable natural gas and landfill gas-to-energy facilities across the US, producing around 6,000 barrels of oil equivalent a day of …
Alok Sharma Calls for Increased Windfall Tax After BP Bumper Profits
Cop26 president says 'excessive profits' must be treated in 'the appropriate way' when it comes to taxation.
Oil Price
Italy’s Windfall Tax on Energy Companies Needs to Be Rewritten - PM
Italy needs to rewrite its windfall tax on energy companies that have benefited from surging oil and gas prices, Prime Minister Giorgia Meloni told parliament o…
United Kingdom
UK Renewables and Nuclear Generators Face Windfall Tax as Government U-Turns Again
Westminster is trying to break the link between high gas prices and electricity revenue.
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