Tougher windfall tax urged as Shell posts record profits

Press release
The oil major announced earnings 53% higher than in 2021
  Published:  02 Feb 2023    |      1 minute read

Reacting to the news that Shell’s annual profits soared to £32bn in 2022, Sana Yusuf, climate campaigner at Friends of the Earth, said:

“That Shell’s annual profits more than doubled last year, while millions of people have been facing the impossible choice between putting food on the table and heating their homes, is simply staggering.

“People can see the injustice of paying eye-watering energy costs while big oil and gas firms rake in billions. Fairly taxing their excess profits could help to fund a nationwide programme of insulation and a renewable energy drive, which would lower bills, keep homes warmer and reduce harmful carbon emissions.”