CSO letter: Fossil fuel profit taxation and agenda of the next ECOFIN meeting
Civil society call on the Irish Finance Minister to put the issue of fossil fuel profit taxation on the agenda of the next Economic and Financial Affairs Council (ECOFIN) meeting on 18-19 September, as already requested by six Member States: Germany, Austria, Italy, Poland, Spain and Portugal.
As people in Europe face extreme climate impacts and cost-of-living pressures in the second fossil fuel crisis in four years, while fossil fuel companies have accumulated huge profits, it is time to adopt a fair tax framework that contributes to the energy transition and raises the urgently needed resources to support households, firms and public budgets, including for international climate finance.