Shell boss urges UK government to tax gas and oil companies to help poorest
High prices and market volatility is “damaging to society”, he said The chief executive of Shell has implored the government to start taxing oil and gas companies in order to protect the poorest people in society from soaring energy costs. Speaking at the Energy Intelligence Forum in London, Ben van Beurden said: “One way or […]
3 years ago
Two-year energy bill freeze will cost £100,000,000,000
The tax-cutting PM is about to put a massive dint in the public finances Liz Truss is expected to freeze energy bills for homes and businesses for up to two years on Thursday at a cost of up to £100 billion. The incoming Prime Minister, who secured a comfortable majority in the leadership election this […]
3 years ago
British Gas owner Centrica sees profits increase five-fold as energy bills soar
It comes amid fears that many Brits will face a choice between ‘heating or eating’ this winter British Gas owner Centrica has seen its profits soar on the back of high energy prices. The company said its 2022 interim results showed profits in the six months to the end of June were up five-fold to […]
3 years ago