Milan, Apr. 4 (LaPresse) – Unem has learned of the Italian initiative to tax potential windfall profits of energy companies, put forward to the EU Commissioner for Climate, Wopke Hoekstra, together with Spain, Portugal, Austria and Germany, and “cannot avoid expressing surprise and concern,” stressing that “at a time marked by geopolitical tensions, fragile supply chains and exceptionally high logistics costs, further elements of instability should be avoided.” “The downstream oil sector has never been as squeezed as in this phase, caught between extraordinarily high raw material costs, international transport costs and domestic shipping costs that have risen dramatically, and the need to maintain a cautious approach in the final sale price to consumers, as highlighted weekly by the Price Observatory of the Ministry of Industry and Made in Italy,” Unem noted in a statement. At the same time, “the introduction of new extraordinary levies cannot be disconnected from the European framework, already particularly burdensome for companies — from the revision of the ETS to the methane regulation — and therefore risks jeopardizing the investments essential for the energy transition and industrial competitiveness. Italian refining is a sector that is proving strategic in this delicate historical moment, in which supply criticalities are seriously endangering the energy security of Italy and Europe,” Unem continued, reiterating “its willingness to engage in dialogue with institutions, highlighting that any further extra taxation, in addition to the IRAP increase already introduced in the recent ‘Decreto Bollette’, would seriously undermine a sector committed to ensuring supply security in a context of transformation of the energy system.”
Milan, Apr. 4 (LaPresse) – Unem has learned of the Italian initiative to tax potential windfall profits of energy companies, put forward to the EU Commissioner for Climate, Wopke Hoekstra, together with Spain, Portugal, Austria and Germany, and “cannot avoid expressing surprise and concern,” stressing that “at a time marked by geopolitical tensions, fragile supply chains and exceptionally high logistics costs, further elements of instability should be avoided.”
“The downstream oil sector has never been as squeezed as in this phase, caught between extraordinarily high raw material costs, international transport costs and domestic shipping costs that have risen dramatically, and the need to maintain a cautious approach in the final sale price to consumers, as highlighted weekly by the Price Observatory of the Ministry of Industry and Made in Italy,” Unem noted in a statement.
At the same time, “the introduction of new extraordinary levies cannot be disconnected from the European framework, already particularly burdensome for companies — from the revision of the ETS to the methane regulation — and therefore risks jeopardizing the investments essential for the energy transition and industrial competitiveness. Italian refining is a sector that is proving strategic in this delicate historical moment, in which supply criticalities are seriously endangering the energy security of Italy and Europe,” Unem continued, reiterating “its willingness to engage in dialogue with institutions, highlighting that any further extra taxation, in addition to the IRAP increase already introduced in the recent ‘Decreto Bollette’, would seriously undermine a sector committed to ensuring supply security in a context of transformation of the energy system.”
