Enerclub, the employers’ association of energy companies which groups from electricity companies to oil companies, has released a statement this Wednesday against the so-called imposed to energy companies and has assured that puts 30,000 million euros in investments at risk for the next three years. According to what they denounce, extend or include new tax burdens on companies in the energy sector “will hinder the materialization of the investments” that need to be carried out, as well as the development and economic and financial viability of the projects, according to the employers’ association.
It is the first time that this group, which includes Repsol, Moeve, BP, Iberdrola, Endesa, Naturgy, TotalEnergies, EDP and BP; issues a statement in which its large affiliates participate with a single voice, this time against the extraordinary tax on energy companies that the Executive is trying to include in the Spanish tax system.
In this way, the large energy companies affected by the rate, which in its formulation current taxes 1.2% of incomeadd another level of pressure on the Government of Pedro Sánchez.
The Executive saved in extremis the permanence of the tax with an agreement in the Finance Commission with EH Bildu, ERC and BNG. This despite Junts per Catalunya pushing for its elimination. Finally, it has been agreed to launch it in a decaffeinated version, that is, a tax that can be deducted through investments green. However, Podemos has expressed disagreement with giving these facilities to companies, so the project is still susceptible to modification.
The firms gathered at Enerclub affirm that Spain will require investments close to 308,000 million euros to achieve its climate objectives, the 82% of them derived from the private sectoraccording to the National Integrated Energy and Climate Plan (PNIEC).
In this sense, the Enerclub Executive Committee indicates that this effort will require a “investment process lasting over time that allows us to have the necessary technologies, equipment and human capital throughout Spain and in all its economic sectors.” Therefore, in a context of international competition in investments green it is necessary to “establish a climate of trust and international attractiveness to direct these capital flows to our country.
The last major manager to speak out in this regard was the CEO of Endesa, José Bogas, who this Wednesday at the presentation of the electric company’s Strategic Plan and was skeptical about the approval of the imposed. “If nothing changes, it will be impossible to bear the tax,” indicated the CEO of Endesa in relation to the difficulties of the Executive in gathering parliamentary support.
#Energy #companies #raise #voices #tax #threaten #withdraw #million #investment #Spain
