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ClimateQuiet 9d · day 9

German Greens demand EU windfall levy as Shell, BP, Total post record profits

After oil majors multiplied Q3 profits on Iran-war price spikes, Germany's Greens want the gains taxed for climate adaptation.

newest coverage 8d agosummary written 7d ago2 pieces620 likes & upvotes15 comments MastodonBluesky

What to know

  • Shell and TotalEnergies doubled Q3 profits to over $10 billion and $8.3 billion respectively; BP quadrupled its profit to a record $8.5 billion, driven by Iran-war-linked price rises.
  • Germany's Greens propose a 'Klimaresilienz-Abgabe' to tax these profits for climate protection and adaptation, aligning with a Spanish EU-wide proposal.
  • A Green party motion goes before the Bundestag the following week but is not expected to pass.
  • The push is timed to the UN climate summit opening mid-November in Turkey.

Lisa Badum Green party climate policy spokesperson, BundestagShell Oil and gas companyBP Oil and gas companyTotalEnergies Oil and gas companySpain EU member state government

German Greens demand EU windfall levy as Shell, BP, Total post record profits
taz.de

How it unfolded 1 development · click the chart to see its coverage posts

Peak 2 pieces in two hours at Oct 30, 11 AM; 2 pieces over 9 days (2 posts) Oct 30, 11 AM — 2 pieces · 2 posts — Bluesky 1, Mastodon 1Oct 30, 1 PM — quietOct 30, 3 PM — quietOct 30, 5 PM — quietOct 30, 7 PM — quietOct 30, 9 PM — quietOct 30, 11 PM — quietOct 31, 1 AM — quietOct 31, 3 AM — quietOct 31, 5 AM — quietOct 31, 7 AM — quietOct 31, 9 AM — quietOct 31, 11 AM — quietOct 31, 1 PM — quietOct 31, 3 PM — quietOct 31, 5 PM — quietOct 31, 7 PM — quietOct 31, 9 PM — quietOct 31, 11 PM — quietNov 1, 1 AM — quietNov 1, 2 AM — quietNov 1, 4 AM — quietNov 1, 6 AM — quietNov 1, 8 AM — quietNov 1, 10 AM — quietNov 1, 12 PM — quietNov 1, 2 PM — quietNov 1, 4 PM — quietNov 1, 6 PM — quietNov 1, 8 PM — quietNov 1, 10 PM — quietNov 2, 12 AM — quietNov 2, 2 AM — quietNov 2, 4 AM — quietNov 2, 6 AM — quietNov 2, 8 AM — quietNov 2, 10 AM — quietNov 2, 12 PM — quietNov 2, 2 PM — quietNov 2, 4 PM — quietNov 2, 6 PM — quietNov 2, 8 PM — quietNov 2, 10 PM — quietNov 3, 12 AM — quietNov 3, 2 AM — quietNov 3, 4 AM — quietNov 3, 6 AM — quietNov 3, 8 AM — quietNov 3, 10 AM — quietNov 3, 12 PM — quietNov 3, 2 PM — quietNov 3, 4 PM — quietNov 3, 6 PM — quietNov 3, 8 PM — quietNov 3, 10 PM — quietNov 4, 12 AM — quietNov 4, 2 AM — quietNov 4, 4 AM — quietNov 4, 6 AM — quietNov 4, 8 AM — quietNov 4, 10 AM — quietNov 4, 12 PM — quietNov 4, 2 PM — quietNov 4, 4 PM — quietNov 4, 6 PM — quietNov 4, 8 PM — quietNov 4, 10 PM — quietNov 5, 12 AM — quietNov 5, 2 AM — quietNov 5, 4 AM — quietNov 5, 6 AM — quietNov 5, 8 AM — quietNov 5, 10 AM — quietNov 5, 12 PM — quietNov 5, 2 PM — quietNov 5, 4 PM — quietNov 5, 6 PM — quietNov 5, 8 PM — quietNov 5, 10 PM — quietNov 6, 12 AM — quietNov 6, 2 AM — quietNov 6, 4 AM — quietNov 6, 6 AM — quietNov 6, 8 AM — quietNov 6, 10 AM — quietNov 6, 12 PM — quietNov 6, 2 PM — quietNov 6, 4 PM — quietNov 6, 6 PM — quietNov 6, 8 PM — quietNov 6, 10 PM — quietYesterday, 12 AM — quietYesterday, 2 AM — quietYesterday, 4 AM — quietYesterday, 6 AM — quietYesterday, 8 AM — quietYesterday, 10 AM — quietYesterday, 12 PM — quietYesterday, 2 PM — quietYesterday, 4 PM — quietYesterday, 6 PM — quietYesterday, 8 PM — quietYesterday, 10 PM — quietToday, 12 AM — quietToday, 2 AM — quietToday, 4 AM — quietToday, 6 AM — quietToday, 8 AM — quiet ◂ 1 earlier
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  1. background

    Bundestag to debate Greens' fossil levy motion — The Greens' motion for a climate resilience levy is scheduled for debate in the Bundestag the week after the profit reports, though it has no realistic chance of passing.

  2. 1

    Greens demand a climate resilience levy on oil majors

    German Green party climate spokesperson Lisa Badum calls for taxing the fossil profits to fund climate protection and adaptation, saying investing in fossil energy must become unprofitable and corporate power must be reduced.

    “Es muss unrentabel werden, in fossile Energieträger zu investieren…”
    — Lisa Badum
    • taz.de

      BP, Shell und TotalEnergies haben ihre Profite über den Sommer vervielfacht. Die Grünen wollen dieses Geld für Klimaschutz und -anpassung abschöpfen.

      taz.deBluesky8d ago620▲view on Bluesky ↗
    2 posts in this stretch →
  3. background

    Shell, TotalEnergies and BP report multiplied Q3 profits — Shell made more than $10 billion in Q3, doubling its year-earlier profit; TotalEnergies also doubled its profit to $8.3 billion; BP quadrupled its profit to a record $8.5 billion, driven by rising fossil fuel prices tied to the Iran war.

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