This was announced by spokesperson Casey Norton, who confirmed the Financial Times report. This made it clear that Exxonmobil wanted to sue the EU in the General Court of the European Union for overstepping its legislative powers.
According to the company, the tax undermines investor confidence, discourages investment and increases reliance on imported energy and fuel products. Exxonmobil has also promised large investments in Europe.
The European Commission said it would consider the case. It is now the General Court to decide. However, the Brussels official stressed: “The Commission is of the opinion that the measures in question are still fully compatible with EU law.”
EU-level measures were decided at the end of September. It affects not only producers of cheap electricity from renewable and other sources, but also oil, coal and gas companies and refineries. They must pay a solidarity tax of at least 33 percent on their excess profits.
The money should also be used to finance aid for citizens and companies. According to the estimates of the European Commission, the temporary solidarity contribution could bring 25 billion euros.
(SDA)
Source :Blick
I’m Tim David and I work as an author for 24 Instant News, covering the Market section. With a Bachelor’s Degree in Journalism, my mission is to provide accurate, timely and insightful news coverage that helps our readers stay informed about the latest trends in the market. My writing style is focused on making complex economic topics easy to understand for everyone.
