Europe’s First Big Move to Punish USA Causes Uproar Among American Energy Giants | EU Exxon Mobil

Europe’s First Big Move to Punish USA Causes Uproar Among American Energy Giants | EU Exxon Mobil Russia’s war in Ukraine did have a winner this year - American oil and gas companies. These giants amassed billions of dollars thanks to global supply chain disruptions and soaring prices. It was obvious that governments wouldn’t let this party on for long, without getting a share for itself. With this intention, the European Union began taxing energy companies on the profits they made. And now, the bloc is facing the ire of one such US-based company which has sued them for these new taxes. Washington’s presence has just heightened the possibility of the much-discussed EU-US trade war. ------ Europe | European Union | US | US EU Trade War | Exxon | ExxonMobil | Exxon EU Windfall Tax | Europe Oil & Gas | Russian Oil | Europe Energy Crisis | Joe Biden | Inflation Reduction Act | Ursula von der Leyen | Latest News | Firstpost #exxonmobil #europeanunion #usa #joebiden #ursulavond