oil and gas
BP profits triple to 14-year high of £6.9bn as millions struggle with fuel poverty
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.
Prem Sikka: Why the government’s Windfall Tax on oil and gas companies doesn’t go far enough
The 25% tax is only on selected profits of oil and gas companies, mainly North Sea profits of what the legislation calls “ring fence trade”.
Rishi Sunak announces oil and gas companies will get a tax cut if they extract more fossil fuels
Chancellor Rishi Sunak has announced that oil and gas companies will get a big tax cut if they extract more fossil fuels in the UK, as he set out measures to help people with the cost of living crisis.
Osborne’s carbon footprint grows as Shell decides against wind power
Shell scrapping its North Sea wind farm plans suggests George Osborne’s stimulus policies for the oil and gas industries are deterring investment in renewables.