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Engie CEO Says Italy’s Windfall Tax Is Flawed, Talks Under Way

May 17, 2022, 9:57 AM

Italy’s plan to raise its windfall tax on energy-industry profits has “flaws” in its methodology, and talks are taking place on the matter, Engie CEO Catherine MacGregor said on a conference call following 1Q earnings.

  • Governments have to balance the desire for such taxes with the need for investment by companies such as Engie, MacGregor said
  • READ, May 2: Italy Raises Windfall Tax on Energy Industry Profits to 25%
  • MacGregor declined to comment on reports of a possible acquisition of renewables company GreenYellow
    • While Engie doesn’t rule out new deals such as its recent purchase of Spanish renewable ...