Latest news
EU gives guarded welcome to U.S. guidance on EV tax credits
The European Commission gave a guarded welcome to guidance by the United States meaning that EU companies could partially benefit from the U.S. Inflation Reduction Act, but said further improvements were required.
read more... 02/01/2023
Poland ready for Russian oil ban
Poland is prepared for a Russian ban on oil sales to countries implementing a price cap, the climate minister said on Thursday, with the country having cut its intake of Russian crude and secured alternative supplies from producers such as Saudi Arabia.
read more... 30/12/2022
Czech energy price caps to cost up to $8.8 bln
The Czech state's energy price caps will cost a maximum of 200 billion crowns ($8.79 billion) next year, although the final bill is likely to be smaller, the Industry Ministry said in material prepared for the next government meeting.
read more... 30/12/2022
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Finland Proposes 30% Windfall Tax On Power Companies
The Finnish government has announced on Thursday that it has proposed a temporary windfall tax on profits from the country's electricity companies as part of a European Union response to soaring power costs. The proposed 30% tax would apply to any profits exceeding a 10% return on capital in 2023, with the government estimating it could bring in between 500 million and 1.3 billion euros ($533 million-$1.9 billion).
read more... 30/12/2022
Daily (30.12.2022): British gas prices increased on Thursday amid lower Norwegian exports
Crude oil prices continued to decline on Thursday, weighed by concerns that China’s demand will remain sluggish as the world’s biggest crude importer struggles with soaring Covid infections at a time of easing coronavirus restrictions. Hence, Brent crude fell by 1.2%, to settle at $82.26 a barrel. U.S. West Texas Intermediate crude settled at $78.40 per barrel, down by 0.7%.
read more... 30/12/2022