Outrage after Shell profits double while millions struggle with cost of living crisis
The company has reported operating profits of $9.5bn dollars (£8.19bn) which is more than double during the same period in 2021.
The company has reported operating profits of $9.5bn dollars (£8.19bn) which is more than double during the same period in 2021.
The cap Liz Truss would implement, at £2,500, still means your energy bills have doubled since this time last year
‘It is far better to end poverty and bring the energy sector into public ownership. We can’t afford privatisation.’
‘If you have an old kettle that takes ages to boil, it may cost you £20 to replace it but if you get a new one you’ll save £10 a year every year on your electricity bill’.
Among the hardest hit groups will be pensioners, with 86.4% of pensioner couples expected to fall into fuel poverty, along with 90.4% of lone parents with two or more children.
The People’s Assembly has called two national demonstrations
Simon Francis, co-ordinator for the End Fuel Poverty Coalition, said the decision was “simply inhumane”.
Oil giant BP has announced that its profits have tripled to £6.9billion ($8.45billion) in the second quarter of this year – its highest in 14 years – as millions of families across the country struggle amid soaring energy bills.
The country first froze gas prices in October 2021 and also capped electricity prices from increasing by no more than 4 percent.
‘The government has produced an energy strategy which has ignored the overwhelming evidence detailing the harm caused by extractive industries’.