BP profits surge amid calls for windfall tax

Feb 8, 2022
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And there is extra rewards to be reaped: analysts suppose BP and Shell may make virtually £40bn in earnings this yr, sufficient to cowl the power payments of nearly all of UK households, renewing requires a windfall tax. However the chancellor is unconvinced, fearing that it may harm funding in decrease carbon types of power, significantly provided that power giants’ earnings, tied as they’re to world costs, are very risky.

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