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Ireland calls for renewed EU debate on taxing oil companies

Ireland has requested that the European Commission resume discussions on taxing oil companies, in response to appeals from Portugal and other member states.

19 September 2026Tagblick Newsdesk

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Archive photo: Ireland calls for renewed EU debate on taxing oil companies — Archive photoPhoto: Aécio Neves - Senador · Flickr · BY

Ireland announced today that it will request the European Commission to resume discussions on taxing the extraordinary profits of oil companies. This request comes after an appeal from Portugal and other European Union member states for a joint solution to address the current energy crisis.

The discussion about taxing oil companies has gained prominence as these firms' profits have surged amid volatile energy prices. The aim is to assess the possibility of measures that could alleviate the challenges faced by consumers and the economies of affected countries.

Several EU member states have expressed the need to find a coordinated approach to address the impacts of the energy crisis. Portugal, in particular, has been vocal in seeking solutions that could benefit all countries within the Union.

The Irish government believes that reopening this debate could be an important step to explore options that were initially discussed but have yet to make substantial progress.

Previous discussions focused on aspects related to taxation of exceptional profits in the oil sector, but did not result in a clear position or effective actions to date. Now, Ireland proposes that this topic be revisited in upcoming meetings.

The Irish request will be crucial in shaping the agenda for future discussions within the European Commission and may influence the stance of other member states on the issue of taxing oil companies in the EU.

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