ExxonMobil Launches Legal Challenge Against EU Over Windfall Profit Tax

ExxonMobil Launches Legal Challenge Against EU Over Windfall Profit Tax
Gas prices are seen on an Exxon Mobil gas station sign in Houston, Texas on June 9, 2022. Brandon Bell/Getty Images
Katabella Roberts
Updated:

ExxonMobil has filed a lawsuit against the European Union (EU) over a windfall tax on energy companies announced in September, arguing that the move is “counterproductive” and will “undermine investor confidence.”

The Texas-headquartered oil and gas company announced the legal challenge against the bloc, which will be decided on by the European General Court, in a statement to media outlets on Dec. 28.
Katabella Roberts
Katabella Roberts
Author
Katabella Roberts is a news writer for The Epoch Times, focusing primarily on the United States, world, and business news.
Related Topics