NEW YORK CITY: US energy giant ExxonMobil filed suit on Wednesday (Thursday in Manila) against the European Union seeking to block its temporary tax on oil firms' windfall profits, a company spokesman said.
With energy prices soaring following Russia's invasion of Ukraine, European Commission chief Ursula von der Leyen announced in September the plan for major oil, gas and coal companies to pay a 'crisis contribution' on their elevated 2022 profits.
LEGAL BATTLE In this file photo taken on Jan. 5, 2016, an Exxon gas station in Woodbridge, Virginia. US energy giant ExxonMobil filed suit on Wednesday, Dec. 28, 2022 (December 29 in Manila), against the European Union seeking to block its temporary tax on oil firms’ windfall profits, a company spokesman said. With energy prices soaring following Russia’s invasion of Ukraine, European Commission chief Ursula von der Leyen announced in September the plan for major oil, gas and coal companies to pay a ‘crisis contribution’ on their elevated 2022 profits. AFP PHOTO
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