EU set to adopt windfall levy on fuel profits, but no deal yet on gas price cap
European Union energy ministers are set to adopt a package of measures including a windfall levy on profits by fossil fuel companies, although a deal on capping gas prices remains off the table.
With energy prices soaring across Europe since the Russian invasion of Ukraine, EU member countries have been negotiating proposals from the European Commission that the bloc’s executive arm said could help raise 140 billion dollars (£128 billion) to help people and businesses hit by the crunch.
