European subsidiaries of the American oil giant filed a lawsuit with a European Union court seeking to stop the tax, which Exxon Mobil said could cost it billions of dollars.
Tag: European Commission
E.U. Roiled by Corruption Investigation Linked to Qatar
The bloc’s parliament and its executive body are scrambling to manage the fallout as the Belgian authorities continue raids linked to suspected illegal lobbying.
Special Court Needed for Russian Crimes in Ukraine, EU Chief Says
The idea reflects frustration with the difficulty in holding anyone accountable in the war, and actually reaching trials in a new court is likely to be very hard.
Even as Egypt Hosts Climate Summit, Selling Fossil Fuels Is a Priority
Desperate for cash as the fallout from the Ukraine war batters its economy, Egypt has been conserving natural gas at home to sell to Europe.
Berlusconi, Caught on Tape Gushing Over Putin, Heightens Anxiety About Italy
Silvio Berlusconi, the former Italian leader and linchpin of the incoming right-wing government, blames Ukraine’s president for pushing President Vladimir V. Putin to invade.
As Europe Piles Sanctions on Russia, Some Sacred Cows Are Spared
The European Union has been severing economic ties with Moscow to support Ukraine, but some countries have lobbied to protect key sectors.
Crude Comments From Europe’s Top Diplomat Point to Bigger Problems
Josep Borrell Fontelles said Europe was “a garden,” and the world “a jungle,” triggering charges of neocolonialism and racism just as the E.U. tries to drum up support in the developing world.
Europe’s Energy Crisis Exposes Old Fault Lines and New Power Dynamics
Smaller countries see Germany’s domestic largess to tackle spiraling energy costs as undermining the effort to lower fuel prices for the wider European Union.
E.U. Calls for Taxes and Handouts to Battle Rising Energy Prices
The European Commission wants the bloc’s members to impose taxes on the profits of energy companies to fund handouts to households and businesses.