Insight
Windfall taxes: the search for a smart policy
Report summary
Energy companies are reporting record profits while consumers face unaffordable increases in their bills. Many politicians, including the UN Secretary General, portray the companies as gouging citizens and demand a reset. Shell’s CEO recently accepted that some government intervention is inevitable but urged that any windfall policy is “smart”. Our review of new windfall terms – and the industry’s reaction to them – highlights several themes.
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