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Macron Backs EU-Wide Windfall Tax on Energy Company Profits

  • French president says a levy could possibly be implemented with EU deal

  • The EU is focusing on a couple of emergency energy measures

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France backed a European Union-wide windfall tax on the gains of energy companies, becoming the most recent country to aid the extraordinary measure to rein in the consequences of the energy crisis.

We support a European mechanism which wed require from European energy operators whose production costs are less than market sale prices, French President Emmanuel Macron told reporters on Monday after holding a call with German Chancellor Olaf Scholz. This is actually the approach that France supports, and its own the approach that France and Germany support.

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