Sunak told to expand windfall tax on fossil fuel giants after Shell announces ‘obscene’ profits
Company posts £8.2bn in profits and is on course for its most profitable year ever as the environment burns and energy bills continue to rise
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
NEW Tory Prime Minister Rishi Sunak is facing growing calls to expand his windfall tax on fossil fuel giants after Shell announced “obscene” profits of £8.2 billion today.
The massively inflated earnings — made in the three months to the end of September —come as the British multinational benefits from soaring global oil and gas prices following Russia’s attack on Ukraine earlier this year.
Having pocketed nearly £10bn in the first two quarters of 2022, the company is on course for its most profitable year ever, with shareholders banking an astonishing £20bn in the last 12 months.
Similar stories
Hundreds of protesters rally outside global energy summit in London
Energy giants rake in half a trillion pounds out of people’s misery, campaigners warn