While consumers are facing pain at the pump from sharply higher oil prices, shareholders are set to rake in windfall profits unless governments step in

While consumers are facing pain at the pump from sharply higher oil prices, shareholders are set to rake in windfall profits unless governments step in

 SEBASTIEN BOZON

Prominent economists called Thursday for governments to introduce windfall profit taxes on energy companies who are set to reap financial benefits from the US-Israeli war on Iran.

The war has triggered a surge in prices of oil and gas which will boost the bottom lines of energy firms but is putting the pinch on consumers.

Originally published on doc.afp.com, part of the BLOX Digital Content Exchange.

Tags

Recommended for you