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.

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

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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

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Recent Comments

  • nigel hunter
    Can we have,will there be a debate at conference where a new mindset can be discussed?...
  • Judy Abel
    @David agree with those points. There are no checks and balances when it comes to how capital operates in our markets....
  • David Allen
    "I think you could claim that a dogmatic insistence on a single ownership model has failed." Fair point, up to a point. Certainly - as I mentioned - nationa...
  • Mick Taylor
    There seems to be a schizophrenic approach by our party when talking about high streets. On the one hand people bemoan the decline of high streets and on the ot...
  • David Raw
    @ theakes "But we have to attack them"...... But that assumes anybody is even listening to the Lib Dems these days............. Most of the time there seems ...