In the first half of 2022, Total, France’s largest oil company, made a profit of 10.4 billion euros. With the war in Ukraine, the price of crude oil has soared while the cost of production has remained stable. This is an unacceptable margin in the eyes of the left… and a perfect occasion to try to capitalise on the energy issue. Last Sunday, the entire French left came together despite its divisions in a demonstration against high living costs and climate inaction. Their main proposal? Taxing the super-profits made on oil.
Number of the week: 10.4 billion