Calls for windfall tax after BP profit surge
BP reported $3.2 billion profit in the first quarter after oil prices spiked following the Iran war, more than doubling year-on-year. The company said "exceptional" oil trading and higher commodity prices drove the jump, with results beating forecasts by more than half a billion. The Green Party and campaigners urged a windfall tax on energy firms to fund household bill relief and investment in renewables so companies shoulder costs tied to price rises.
BP’s profits have more than doubled because of the Iran War. Time for a windfall tax.
Nah, they wait that it trickles down and benefits the consumer 😂😂😂 Meanwhile, Trump just paid another nearly $1B to companies stopping off shore wind farms and investing in fossil fuel power generation. That's $2B including what he paid to stop another project in March. It's just tax payer's money
Shell also. Bunch of anti-socials.
On the positive side, enthusiasm for clean energy has rarely been higher. All we need now is some proper energy market reform and we’ll start really cooking on induction hobs. Meanwhile, yes, tax the windfall to high heaven.
This is why I’m against fuel duty reduction by the UK Gov. we won’t feel the benefit of it, the price of fuel will not be reduced or if it is, it will be a short lived change. Prices back up and consumers yet again paying the price whilst the oil co’s make billions in profit.
Time to dismantle the oil cartels.
Do not look at Australia right now. Just. Don't.
Yes, I noticed this yesterday. Absolutely.
Why do oil companies act as if massive profits are inevitable? Don’t they have any control over the prices they charge?
Trump needs to pay his benefactors somehow
If the UK had a government that supported its people, but...
Instead we'll see a lotta kickbacks 😒
How wonderful! They sure need some money.
I think it’s past time for windfall tax. These SOb’s have been doing this forever.
Wars are good for some business