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EU proposes profits from energy firms should go 'to those who need it most'

Guardian, 14 Sep 2022
The president of the European Commission, Ursula von der Leyen, is proposing to recoup money from energy companies profiting from the limited gas supply after sanctions against Russia.
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The EU said 'profits must be channelled to those who need it most' and proposed a cap on profits for firms making energy from renewables, as well as calling on fossil fuel companies to make a bigger contribution during the crisis. In the State of the Union address in Strasbourg, Von der Leyen encouraged member states to cut down on consumption.

EU calls for money to be clawed back from energy firms, saying profits must go ‘to those who need it most’ – politics live ► https://www.theguardian.com/politics/live/2022/sep/14/eu-uk-politics-latest-news-liz-truss-energy-updates?filterKeyEvents=false&page=with:block-632183298f0818891db891e3#block-632183298f0818891db891e3

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#EU #EnergyCap #UrsulaVonDerLeyen #Russia #EnergyCrisis
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