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Spain Proposes to the EU Tax Oil Profits to Finance Climate Measures

Summary by 20minutos
Spain has proposed to the European Union (EU) that the benefits of oil and gas companies be undermined in order to finance measures to adapt to climate change following the drought and severe forest fires that are ravaging Europe because of this emergency. Spain's position is included in a document that the Ministry for the Ecological Transition (Miteco) has sent to Wopke Hoekstra, European Commissioner for Climate, to strengthen the European re…

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+2 Reposted by 2 other sources
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Spain has proposed to the European Union (EU) that the benefits of oil and gas companies be undermined in order to finance measures to adapt to climate change following the drought and severe forest fires that are ravaging Europe because of this emergency. Spain's position is included in a document that the Ministry for the Ecological Transition (Miteco) has sent to Wopke Hoekstra, European Commissioner for Climate, to strengthen the European re…

·Madrid, Spain
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The Ministry for the Ecological Transition sends a document to Brussels proposing the creation of a specific European fund. More information: Diesel targets 2 euros in 2027: damage to Russian refineries and in the Persian Gulf countries exacerbates their scarcity

·Spain
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Madrid.- Spain has proposed to the European Commission (EC) to tax profits to oil and gas companies or to set up a tax on private jets to finance measures to adapt to climate change and to create a European system of response to climate disasters after a summer marked by drought and [...] The entry Spain proposes to Brussels a tax on the profits of oil companies to afford climate measures was first published in EFE Green.

Spain wants the EU to tax the profits of oil and gas companies to finance measures against climate change, the Financial Times reports.

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+5 Reposted by 5 other sources

Spain designs a ‘megaplán’ for the EU to rearm to combat climate change. Vice-President and Minister for the Ecological Transition Sara Aagesen has sent the European Commission a proposal to strengthen the European response to climate risks. A proposal that includes the creation of a specific tax on the profits of oil and gas companies to finance the necessary policies against climate change.

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Expansión broke the news in Madrid, Spain on Friday, September 4, 2026.
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