The Assembly takes a close interest in Superprofits

The National Assembly is preparing a series of hearings on the subject of "super profits" made by oil and gas companies.

Share:

Comprehensive energy news coverage, updated nonstop

Annual subscription

8.25€/month*

*billed annually at 99€/year for the first year then 149,00€/year ​

Unlimited access • Archives included • Professional invoice

OTHER ACCESS OPTIONS

Monthly subscription

Unlimited access • Archives included

5.2€/month*
then 14.90€ per month thereafter

FREE ACCOUNT

3 articles offered per month

FREE

*Prices are excluding VAT, which may vary depending on your location or professional status

Since 2021: 35,000 articles • 150+ analyses per week

Shell, Avia, and Engie: deputies start a series of hearings on Tuesday on the subject of “superprofits”, with a view to the examination of the draft budget in Parliament in the fall.

The “flash mission” announced in July by the chairman of the Finance Committee, Eric Coquerel (LFI), which includes eight members of different political groups, should complete its work in early October.

“The goal is to enlighten the debate, so that we can arrive at a clear diagnosis because the subject is complicated, and we will see if we can reach common conclusions,” according to David Amiel (Renaissance, presidential majority), co-rapporteur with the rebel Manuel Bompard.

The mission focuses on “oil and gas and shipping companies that have made exceptional profits during the crisis.

The hearings, which will be broadcast live on the Assembly’s website, will start on Tuesday at 3:00 pm with the CEO of Ufip Energies et Mobilités, which groups together the major oil groups in France. This will be followed by managers from Shell, Avia, as well as subsidiaries of large distribution groups in charge of purchasing oil.

On September 20, the Union des entreprises de transport et logistique de France (TLF), the oil sector unions and a deputy general manager of Engie will be heard.

The socialist deputies are also preparing a proposal for a shared initiative referendum to obtain a tax on superprofits.

Majority and right-wing LR had rejected this summer the amendments proposed by the left-wing alliance Nupes on the subject during the discussion of the purchasing power package in the Assembly and the Senate.

The Australian government plans to introduce a free solar electricity offer in several regions starting in July 2026, to optimize the management of the electricity grid during peak production periods.
India is implementing new reforms to effectively integrate renewable energy into the national grid, with a focus on storage projects and improved contracting.
China added a record 264 GW of wind and solar capacity in the first half of 2025, but the introduction of a new competitive pricing mechanism for future projects may put pressure on prices and affect developer profitability.
The government confirmed that the majority sale of Exaion by EDF to Mara will be subject to the foreign investment control procedure, with a response expected by the end of December.
A week before COP30, Brazil announces an unprecedented drop in greenhouse gas emissions, driven mainly by reduced deforestation, with uneven sectorial dynamics, amid controversial offshore oil exploration.
The Catabola electrification project, delivered by Mitrelli, marks the first connection to the national grid for several communities in Bié Province.
The Algerian government plans a full upgrade of the SCADA system, managed by Sonelgaz, to improve control and supervision of the national electricity grid starting in 2026.
Facing annual losses estimated at up to $66mn, SEEG is intensifying field inspections and preparing the rollout of smart meters to combat illegal connections.
The British government confirms its ambition to decarbonise the power sector by 2030, despite political criticism and concerns over consumer energy costs.
Enedis plans a €250mn ($264mn) investment to strengthen Marseille’s electricity grid by 2030, including the full removal of paper-insulated cables and support for the port’s electrification.
Energy ministers coordinate investment and traceability to curb China’s dominance in mineral refining and stabilize supply chains vital to electronics, defense, and energy under a common G7 framework.
Electricity demand, amplified by the rise of artificial intelligence, exceeds forecasts and makes the 2050 net-zero target unattainable, according to new projections by consulting firm Wood Mackenzie.
Norway's sovereign wealth fund generated a €88 billion profit in the third quarter, largely driven by equity market performances in commodities, telecommunications, and finance.
The German regulator is preparing a reform favourable to grid operators, aiming to adjust returns and efficiency rules from 2028 for gas pipelines and 2029 for electricity networks.
Bill Gates urges governments and investors to prioritise adaptation to warming effects, advocating for increased funding in health and development across vulnerable countries.
The Malaysian government plans to increase public investment in natural gas and solar energy to reduce coal dependency while ensuring energy cost stability for households and businesses.
The study by Özlem Onaran and Cem Oyvat highlights structural limits in public climate finance, underscoring the need for closer alignment with social and economic goals to strengthen the efficiency and resilience of public spending.
Oil major ExxonMobil is challenging two California laws requiring disclosure of greenhouse gas emissions and climate risks, arguing that the mandates violate freedom of speech.
The European Court of Human Rights ruled that Norway’s deferral of a climate impact assessment did not breach procedural safeguards under the Convention, upholding the country’s 2016 oil licensing decisions.
Singapore strengthens its energy strategy through public investments in nuclear, regional electricity interconnections and gas infrastructure to secure its long-term supply.

All the latest energy news, all the time

Annual subscription

8.25€/month*

*billed annually at 99€/year for the first year then 149,00€/year ​

Unlimited access - Archives included - Pro invoice

Monthly subscription

Unlimited access • Archives included

5.2€/month*
then 14.90€ per month thereafter

*Prices shown are exclusive of VAT, which may vary according to your location or professional status.

Since 2021: 30,000 articles - +150 analyses/week.