Europe

France Says ‘No Taboo’ on Possible TotalEnergies Exceptional Tax

Fuel pump signs at a Total gas station in Paris.Photographer: Nathan Laine/Bloomberg

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By Albertina Torsoli

May 17, 2026 at 2:46 PM UTC

France won’t rule out an exceptional tax on TotalEnergies SE even though the government prefers sticking to a fuel-price cap for now, according to Budget Minister David Amiel.

“There is no taboo” against possible exceptional taxes to redistribute excess profits the company is making on the back of rising crude oil prices, Amiel said in an interview on France’s Radio J on Sunday.