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Energy companies

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…
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…
Energy Storage Battery
The World Desperately Needs to Invest More in Battery Storage
Over the past year, energy companies have been steadily planning for the development of battery storage facilities, to support their renewable energy operations…
Wind Power Project
Wind Energy Industry Warns: Actions Not Words Needed to Address Energy Security and Climate Crises Ahead of COP27
More than 100 leading wind energy companies call on Paris Signatories to streamline planning and permitting, upgrade grid infrastructure and evolve power market…
Natural Gas
EU to Propose Crisis Measures to Curb Energy Price Spike
The European Union is set to unveil plans on Wednesday to skim off windfall profits from energy companies and impose cuts in electricity usage across the bloc. …
Oil & Gas Trade
New UK Prime Minister Opposes Windfall Tax on Energy Companies
UK's new Prime Minister Liz Truss said she was against the windfall tax on oil and gas companies operating in the UK.
EU
European Utilities Rally as EU Unveils Rescue Plan
Just hours after the European Commission proposed caps on power prices across the bloc, European utilities have rallied, with stocks gaining on indications that…
Oil Price
Energy Bonanza Drives Shareholder Payouts to New Record
Energy companies reaping record profits from soaring oil and gas prices have helped global dividend payments to shareholders soar above pre-pandemic levels and …
Paris Climate Agreement
Decarbonization Scenarios Outlined by Energy Companies Incompatible With Paris Agreement Goals
Decarbonisation scenarios produced by BP, Royal Dutch Shell and Equinor are incompatible with Paris Agreement goals for a safe and habitable planet.
Natural Gas
French Energy Giants Urge Consumers to Cut Energy Use
The heads of France's big energy companies on Sunday urged individuals and businesses to limit power consumption immediately to prepare for a looming energy c…
Top 10 Energy Companies
These energy big-hitters are at the forefront of changing oil and gas dynamics and transition to renewable energy.
Carbon Emissions
Chevron, Schlumberger Withdraw Request for California Carbon-Capture Permit
Top U.S. energy companies Chevron and Schlumberger have withdrawn an application to capture carbon dioxide emissions and store them deep underground in central …
Energy Security
Russia Slaps Sanctions on Western Energy Firms
Moscow has imposed sanctions on more than 30 EU, US and Singaporean energy companies in a retaliatory move following western penalties imposed on Russian.

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