Green Party blocks fuel price cap, demands oil profit taxes instead
The Green Party has rejected the government's latest fuel price cap legislation. Leaders argue the proposal fails to address long-term energy security and instead reinforces reliance on fossil fuels. Their opposition comes as oil prices remain volatile, with Brent crude hovering around $90 after a recent spike above $110 due to the 2026 Iran War.
Green Party leader Leonore Gewessler criticised the bill for lacking safeguards against pre-emptive price hikes by companies. She warned that without strict controls, firms could exploit the cap by raising prices before it takes effect. The party also opposes other government measures, such as increasing taxes on electric vehicles and raising the cost of climate tickets, which they say undermine green alternatives.
The Greens have instead proposed taxing excess profits from oil companies, particularly those benefiting from the Middle East conflict. EU Green leader Iratxe García Pérez stressed that this approach would force corporations to contribute financially rather than relying on short-term price controls. This stance marks a shift from their 2022 position, when they backed gas price brakes and emergency relief during the energy crisis. In a forthcoming parliamentary debate, the party plans to highlight what they call a contradiction in government policy. While politicians criticise dependence on fossil fuels, they continue to block the expansion of renewable energy. The Greens argue that without a clear strategy for domestic energy production, the country remains vulnerable to future crises.
The government's fuel price cap now faces significant opposition from the Greens, who insist on profit-based taxes instead. Their rejection leaves the legislation in doubt unless amendments are made. Meanwhile, the party is pushing for a broader debate on energy independence and renewable investment. Without changes, they warn, the country will stay exposed to price shocks and supply disruptions.
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