The logo of Spanish energy group Repsol is seen at a gas station in Madrid, Spain September 7, 2022. REUTERS/Violeta Santos Moura/File Photo Acquire Licensing Rights
MADRID, Oct 30 (Reuters) – Spanish oil major Repsol (REP.MC) has frozen the investment plan for a hydrogen plant in the Basque country, northern Spain, due to uncertainty about the future of a tax imposed on energy companies, its top regional executive said on Monday.
The freeze is the first move since Chief Executive Josu Jon Imaz last week said a potential extension of a windfall tax on large energy companies – which was included in a coalition deal between centre-left parties seeking to form a government – threatened investments in the country.
Imaz said the tax favoured foreign energy producers over Spanish ones and created uncertainty over returns on investment in the country. He added Repsol had other countries to…
