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”

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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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Posted in News | Also tagged | 9 Comments
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Recent Comments

  • David Le Grice
    I don't understand what the author is asking for here. Drawing attention to the situation on its own won't solve anything. What do we actually want the UK gover...
  • Jamie Dobson
    Thank you, Rose Runswick, for alerting me in the comment above to the Compass organisation and Dr Savage's paper. For me, this provides the bit of the jigsaw t...
  • Ying Perrett
    Thank you for sharing your experience as I am aware of how difficult and painful it xan be. Transnational repression is real and closer to home than one can ima...
  • Graham Evans
    Alex Macfie: Charles Kennedy has become a very troubled man by the time he was deposed as party leader. Had he recognised earlier that his alcoholism had become...
  • Tim Rogers
    Much better from SirEd at PMQs. Topical question getting excellent coverage and sticking the boot in at the same time....