Tag Archives: BP

‘Rishi Sunak has failed the people by ignoring calls for a windfall tax’

This file is licensed under the Creative Commons Attribution-Share Alike 2.5 Generic license. Attribution: Stan ShebsThe Guardian reports:

BP has scaled back its climate ambitions as it announced that annual profits more than doubled to $28bn (£23bn) in 2022 after a sharp increase in gas prices linked to the Ukraine war boosted its earnings.

In a move that will anger campaigners, the oil and gas giant cut its emissions pledge and plans a greater production of oil and gas over the next seven years compared with previous targets.

Posted in News | Also tagged | 18 Comments

BP £10bn profits shows windfall tax is about “basic fairness”

Embed from Getty Images

Responding to the news that BP has made £10 billion in the past year following surging oil and gas prices, Liberal Democrat Leader Ed Davey said:

The truth is that this is about basic fairness. It simply cannot be right these energy companies are making super profits whilst people are too scared to turn their radiators on and terrified there will be a cold snap.

The government has said that a windfall tax would harm investment but this is an absolutely bogus argument. These profits

Posted in News | Also tagged | 9 Comments
Advert

Recent Comments

  • David Raw
    @ Tristan Ward. Sorry, Tristan, but basing your political philosophy on someone who died 229 years ago and was ambivalent about the slave trade is stretchin...
  • Tristan Ward
    Hello Cory. it's good to have you on board. I think your article is very important. I'm not sure that One National Conservatives and Social Liberals n...
  • Hywel
    Also whatever you think of this proposal, for the Lib Dems to set policy positions based on not getting attacked by the Telegraph for wanting closer integration...
  • Hywel
    This seems to be (according to BBC news) the source document. Though in that case why it isn't linked in the party website article I'm not sure https://bestfo...
  • Tristan Ward
    @Jack "It will take the Telegraph 5 minutes to claim that we are advocating closer EU alignment in order to help the already comfortable" Great. Telegrap...