Calls for bigger windfall tax after Shell makes ‘obscene’ $40bn profit

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https://www.theguardian.com/business/2023/feb/02/shell-profits-2022-surging-oil-prices-gas-ukraine

By Alex Lawson, The Guardian. 

Excerpt: The government is under pressure to rethink its windfall tax on energy companies after Shell reported one of the largest profits in UK corporate history, with the surge in energy prices sparked by Russia’s invasion of Ukraine pushing the oil company’s annual takings to $40bn (£32bn)....

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