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Feb 8, 2022

Could a windfall tax on energy giants help households struggling with their bills?

From the BBC World Service: BP is the latest energy firm to report bumper profits, as it benefits from higher oil and natural gas prices, which have pushed up costs for households. Plus, the European Union unveils its “chips” plan, to spend billions boosting semiconductor manufacturing on the continent. And, India’s microblogging app Koo aims to go global.

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The most recent profits at energy giant BP were its highest in eight years, while many households struggle with rising bills.
The most recent profits at energy giant BP were its highest in eight years, while many households struggle with rising bills.
Christopher Furlong/Getty Images

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Could a windfall tax on energy giants help households struggling with their bills?