Banner earnings reports from Europe's two largest oil companies sparked fresh calls for a windfall profits tax that would return money to households being hammered by an energy cost spike stemming from Russia's war on Ukraine, which fossil fuel giants have"The announcement of yet another obscene profit for Shell shows the scale of the pain that these companies are inflicting on the public," said Freya Aitchison, an oil and gas campaigner at Friends of the Earth Scotland.
"The government has run out of excuses," O'Grady added."It must impose a higher windfall tax on oil and gas companies. The likes of Shell are treating families like cash machines."that the company's"bumper earnings may add fuel to the raging debate over what the French call superprofits by energy firms due to the spike in prices thanks to the Russian invasion of Ukraine.