Windfall Taxes Are Ill-conceived
Countries have been imposing windfall taxes on energy. Some are even imposing windfall taxes on renewable energy.
Windfall taxes are counter productive to increasing energy supply as they remove incentive for any company to invest. It only incentivies them to cut back on capital expenditures so that they can recoup investments already made.
The UK and other European countries are imposing steep windfall taxes on energy including renewables. Other countries are also, Canada included.
Findland is proposing to also get in on this ill conceived tax also:
https://oilprice.com/Latest-Energy-News/World-News/Finland-Proposes-30-Windfall-Tax-On-Power-Companies.html
It is bad news for consumers but good news for investors as constraining investment in production will suppress supply growth while demand continues to grow. War economies consume more oil.
This will result in an upward spiral for the price of oil and other energy sources.
Exxon moves to sue the EU over windfall taxes:
https://www.cnbc.com/2022/12/29/exxon-sues-eu-in-move-to-block-new-windfall-tax-on-oil-companies.html