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Case for ‘bigger, bolder windfall tax is overwhelming,’ campaigners say after BP posts £7.1bn profit
‘When fossil fuel companies announce record profits just days before Cop27, it’s high time leaders made polluters pay,’ Global Justice Now says
Wind turbines turn on top of a dump next to the 'BP Refinery Scholven' in Gelsenkirchen, Germany, October 22, 2022
BP’S “utterly obscene” profits show the need for immediate windfall tax and climate action, campaigners and MPs declared today.
The energy giant revealed its profits had nearly tripled the past three months, surging to $8.2 billion (£7.1bn) compared with $3.3bn (£2.9bn) a year earlier.
It also confirmed it would be paying windfall taxes this year, unlike its rival Shell, which reported an eyewatering $9.5bn (£8.3bn) profit for the same period.
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