Spokesperson Casey Norton said the EU windfall tax was “counterproductive, discouraging investment and undermining investor confidence” and that the company would “look into the tax when considering future multi-billion investments in energy supply and transformation in Europe”. – Whether we will invest here depends primarily on how attractive and competitive Europe will be on a global scale – said Norton, quoted by the Reuters Agency.
US fuel giant sues EU. The European Commission answers
ExxonMobil said it has invested $3 billion in refining projects in Europe over the past decade, which the US firm said are helping to deliver more at a time when Europe wants to cut energy imports from Russia. “We will continue to work with EU leaders to resolve these issues,” the company said.
ExxonMobil’s chief financial officer, Kathryn Mikells, explained in early December that the windfall tax imposed by Europe could cost the company at least $2 billion by the end of 2023.
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The European Commission has announced that it has become acquainted with the lawsuit of the American oil company. – It will now be up to the court to decide on this matter [Sądu Pierwszej Instancji – przyp. red.]. The Commission maintains that the measures in question are fully in line with EU law, Commission spokeswoman Arianna Podesta said on Thursday.
The European Union has temporarily introduced a windfall profit tax
In September 2022, European Union countries approved a tax on windfall profits of energy companies in 2022 or 2023. This is a temporary solution.
expects the tax to generate around €25 billion in revenue, which would then be redistributed by EU governments.
Source: Gazeta
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