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windfall tax

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A black plastic Crocs shoe floats in floodwaters.
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EXPLORE
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Causes
U.K. imposes windfall tax on oil and gas company profits as inflation bites
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U.K. imposes windfall tax on oil and gas company profits as inflation bites

Chancellor Rishi Sunak's measure comes as inflation hits multi-decade highs following the Russian invasion of Ukraine.
Politics
Fossil fuel companies have the nerve to claim that taxing them will hurt the climate

Fossil fuel companies have the nerve to claim that taxing them will hurt the climate

The Labour Party has proposed a one-year tax hike to help low-income customers handle rising energy prices. Shell and BP oppose it.
ORIGINAL REPORTING
A row of pump jacks stretching into the distance.

Push to speed US fossil fuel permits faces delays as federal experts resign

The capitol building in Raleigh ,North Carolina.

North Carolina governor blocks rollback of clean energy targets

View of the city of New York.

New York City mayoral candidate Zohran Mamdani links climate action to affordability plan

MOST POPULAR
Jellyfish floating in the ocean

Scientists call on UN to adopt bold ocean policies to combat climate and biodiversity threats

Green coral on a reef.

EU ocean protection plan draws fire for weak enforcement and lack of binding goals

Wildfire smoke in the distance with a forested hill in the foreground.

Wildfire smoke from Canada continues to choke U.S. cities as climate patterns worsen

CLIMATE
A black plastic Crocs shoe floats in floodwaters.

Floods in Texas and around the world are getting worse as the planet heats up

A series of european union flags in front of a building.

EU scales back climate leadership as populism and global inaction stall 2040 emissions goal