At the end of first quarter results season, the spectacular earnings growth delivered by energy companies caught the eye of many investors. Surging commodity prices have helped the sector to generate impressive profits, particularly compared to one year ago when the economic recovery was still getting going. Investors are not the only ones to be monitoring this closely, however. Governments across developed markets are also taking note, with "windfall taxes" coming sharply into focus as a policy option. The premise of a windfall tax is a simple one, whereby the government levies a on...
To continue reading this article...
Join Investment Week for free
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes