EU Vice President Teresa Ribera Unveils Ambitious Plans to Tackle Climate Change, Big Tech, and Big Oil

In a 90-minute interview with POLITICO, European Commission Vice President Teresa Ribera outlined her post-summer policy wishlist, which includes taxing Big Oil, making Big Tech invest in renewables, and protecting Europe from climate disasters. Ribera emphasized the need for climate action, citing the recent heat waves, wildfires, and drought that have ravaged Europe. She also discussed the EU's plans for the coming months, including a potential breakup of search giant Google and a proposal to better protect Europe against climate disasters. Ribera proposed a windfall tax on fossil fuel companies to raise money for climate protection measures, and suggested that Big Tech companies should invest in renewable energy generation to power their data centers. She also expressed a desire for a mix of dialogue and trade measures to cope with the challenges posed by China's manufacturing dominance.