Fossil fuel giant Shell reveals highest profits in its history
Unions call on government to ‘expand windfall tax on energy producers’ as public face 40% hike in bills from April
Activists gather at Glengad Beach in Co Mayo as the pipe laying vessel the Solitaire makes its way into Broadhaven Bay
THE government must “get real” on profiteering and increase windfall taxes on oil and gas companies, campaigners and unions urged today as Shell revealed its highest profits in its history.
The oil giant said that core profits rocketed to $84.3 billion (£68.1bn) in 2022 in what is one of the highest gains ever recorded by a British company.
The public face a 40 per cent hike in energy bills from April on top of soaring bills and the cost-of-living crisis.
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