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Radio France Internationale
Radio France Internationale
National
Alison Hird

Pressure grows on France to levy windfall tax on ‘super profits’

TotalEnergies made huge profits in the second quarter of 2022, taking full advantage of the rise in oil and gas prices following Russia's invasion of Ukraine and reigniting a debate on the taxation of "super-profits". (Photo by Christophe ARCHAMBAULT / AFP) AFP - CHRISTOPHE ARCHAMBAULT

As ordinary French people fret over the rising cost of living, the government is under pressure to levy a windfall tax on energy firms that have reaped the benefits of higher oil and gas prices pushed up by the war in Ukraine. While the government is divided, PM Elisabeth Borne says she won't rule it out if companies don’t behave responsibly.

The war in Ukraine has helped send the price of oil, gas and electricity through the roof.

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