Equinor chief says bills won’t return to levels seen before Ukraine invasion given windfall taxes and move to greener energy
Business live – latest news updates
The boss of one of Europe’s biggest energy companies has warned that higher gas and electricity prices are here to stay and consumers should not expect them to return to levels seen before Russia’s invasion of Ukraine.
Anders Opedal, the chief executive of Norway’s state oil company Equinor, said factors including windfall taxes and the large sums energy firms must invest to move from fossil fuels to greener alternatives mean bills are likely to remain elevated.
Equinor chief says bills won’t return to levels seen before Ukraine invasion given windfall taxes and move to greener energyBusiness live – latest news updatesThe boss of one of Europe’s biggest energy companies has warned that higher gas and electricity prices are here to stay and consumers should not expect them to return to levels seen before Russia’s invasion of Ukraine.Anders Opedal, the chief executive of Norway’s state oil company Equinor, said factors including windfall taxes and the large sums energy firms must invest to move from fossil fuels to greener alternatives mean bills are likely to remain elevated. Continue reading…
