The Secretary-General of the United Nations has described these profits during an energy crisis as “immoral”. The combined profits of the largest energy companies in the first three months of 2022 were close to $100 billion (€98 billion). (Image: 2021 Oscar Martín)Tax on large profits at energy companiesIn July, Buzz reported that the government is looking at how it could levy a windfall tax on energy companies here. It is expected the Irish windfall tax could raise up to €60 million. Chief executive of Friends of the Earth, Oisín Coghlan, said it was clear that the Irish public want “radical government action” to reduce the country’s fossil fuel dependence.

Source: The Irish Daily Star August 04, 2022 20:36 UTC