Skip to main content
Centrica and Shell's obscene profits are a line in the sand
Bumper profits for energy giants while millions are in fuel poverty shows the system is broken — it is clearly time to renationalise these industries and we must support all those who are fighting for this goal, writes KEN LIVINGSTONE
Environmental campaigners from Just Stop Oil protest outside the UK Government building in Edinburgh to demand the UK Government reverses its decision to approve Shell's Jackdaw gas field in the North Sea

THIS WEEK it was announced that Shell made record profits of nearly £10 billion between April and June and promised to give shareholders payouts worth £6.5bn.  

It made adjusted profits of £9.5bn during the second quarter of the year, beating its previous high — set only between January and March earlier this year — by 26 per cent.

British Gas owner Centrica meanwhile this week announced bumper operating profits of £1.3bn during the first half of 2022.

Donate to the Fighting Fund
Support the Morning Star
You have reached the free limit.
Subscribe to continue reading.
More from this author
seoul
Features / 29 July 2023
29 July 2023
It is mayors living close to the people who understand what is needed to tackle climate change better than national politicians in their private jets and chauffeur-driven cars, writes KEN LIVINGSTONE
misiones
Features / 1 July 2023
1 July 2023
With the 25th anniversary of his first election approaching this year, KEN LIVINGSTONE writes on the achievements and legacy of an important figure in Latin America’s history
school meal
Features / 16 June 2023
16 June 2023
KEN LIVINGSTONE writes on the importance of devolution – and using devolved powers for progressive ends
Orgreave
Features / 19 May 2023
19 May 2023
Wide-ranging attacks on ‘enemies within’ are reminiscent of Thatcher’s assault on the miners, GLC, and black and Irish communities in the '80s, writes KEN LIVINGSTONE
Similar stories
A general view of a central heating thermostat
Editorial: / 20 February 2025
20 February 2025
Energy Security and Net Zero Secretary Ed Miliband during a
Britain / 28 December 2024
28 December 2024
Electricity pylons
Britain / 7 November 2024
7 November 2024
‘It is time our energy infrastructure was brought back into public ownership,’ Unite general secretary says