The Minister for the Environment has told the Dáil he has not ruled out a windfall tax on energy companies. Taking questions in the chamber, Eamon Ryan said that he could "not rule out any other measures" after companies posted what a Labour TD called "hyper-normal profits". Ged Nash had said: "The ESB, a citizen-owned company, posted €670m in pre-tax profits and is paying €126m dividend to the Exchequer. We cannot and should not rule out the prospect of a windfall tax on what are hyper-normal profits being posted by the energy companies. Mr Ryan had earlier met European Commissioner for Energy, Kadri Simson, in Dublin.

Source: Irish Examiner June 03, 2022 08:43 UTC