Oil profits could fund climate commitments; taxing windfall gains may finance poorer countries' climate protection.

A US oil firm has said it will end all its operations in the North Sea by the end of 2029, blaming the impact of the windfall ...

A new wave of tax measures herald dark times for oil and gas exploration in the U.K. sector of the North Sea, a hydrocarbon ...

A central issue at the UN Climate Change Conference, set to start on November 11, will be the negotiations on new payments ...

The windfall tax on oil and gas companies will increase in November, and will remain in place until March 2030. The levy was introduced as a response to soaring energy company profits, and was ...

Are you preparing for UPSC CSE Prelims 2025? Check your progress and revise your topics through this quiz on Economy.

Spain’s governing Socialist party reached an agreement with partners in parliament to extend a windfall tax on banks for ...

Spain's left-wing government has infuriated banking and energy giants by wanting to maintain a windfall tax on them, threatening crucial investments for the European country's green energy transition.

Cepsa, Spain’s second-largest oil company, will delay its $3.25 billion (3 billion euros) investment into domestic green hydrogen projects if Spain makes the windfall tax on energy firms permanent.

On 23 July 2024, a distinguished international arbitral tribunal issued a significant decision on provisional measures in Klesch Group and ...

Spain's ruling Socialist party has proposed to extend a temporary windfall tax imposed on banks for three more years, according to a document submitted to parliament seen by Reuters.