September 14, 2022
MacManus calls for windfall tax on energy company profits

MacManus calls for windfall tax on energy company profits
Sinn Féin MEP Chris MacManus has called for a windfall tax on the excess profits of big energy companies.
MacManus was speaking after Ursula von der Leyen’s State of the Union Address to the European Parliament in Strasbourg. 
MacManus said:
“Everyone will be aware of the current energy crisis and will be feeling the hurt in their pockets as prices reach record levels.” 
“It’s astonishing to me that whilst workers and families are subjected to record increases in their electricity bills and trying to choose between heating their home or putting food on their table, the energy companies are making record profits.”
“That is why, I noted with interest the suggestion from Ursula von der Leyen this morning when she said that “In these times, profits must be shared and channelled to those who need it the most,” The Commission’s proposals for caps on company revenues and a solidarity contribution from oil and gas companies are heading in the right direction and Member States need to take action on these plans. I was however disappointed that there seems to be no conclusion reached on price caps, with the President simply saying that discussions are ongoing.” 
“Ursula von der Leyen’s speech comes at a time when the cost of living crisis approaches a state of emergency. Our most basic human needs are under threat – Threatened by the selfish profiteering of energy companies and the perplexing inactions of government. The Commission has finally acknowledged that the current gas and electricity markets are not working any more, and the Irish government should follow suit and push for a deep-seated market reform that puts people’s right to energy at its core.”
MacManus concluded by calling for a windfall tax on the excess profits of big energy companies.
“The Irish Government must not wait for the EU to take action. In two weeks’ time they will be introducing their 2023 budget – This gives them the opportunity to alleviate the some of the burdens and challenges facing workers and families at this present time.” 
“I believe that in that budget, the Irish Government must introduce a windfall tax on excess profits of big energy firms and should redirect that money back into people’s pockets with direct supports and through long-term structural investments to eliminate energy poverty and accelerate the renewable transition.” ENDS

Chris MacManus MEP addressing the European Parliament this week about the Cost of Living Crisis in Ireland.

Follow us online

Latest Tweets

It was wonderful to be in Pomeroy to help launch the incredible state of the art facility for Plunkett’s GAC and the local community.

It is fantastic to see this high level ambition within local communities, with people coming together to make their vision a reality and achieve…

It's time to scrap the TV Licence. The endless scandals at RTÉ have damaged people's trust and confidence.

Those at the top are never held accountable while tens of thousands of ordinary people are dragged through the courts. The public wants decisive action. It is time to act.

Sinn Féin MLA Declan Kearney has said Ireland must use all its influence, at home and abroad, to demand an end to Israel’s genocidal war and to promote Palestinian national freedom.

Government’s failed bid to host EU’s new anti-money laundering agency requires scrutiny – Senator Lynn Boylan

"The obvious question for any agency or multinational looking at establishing a base in Dublin is where will their workers live." @LNBDublin

Load More