BP profits a slap in the face to struggling households

Oil giant BP has announced profits of $12.8bn for last year fuelling calls for a windfall tax on the bumper profits of fossil fuel firms.


Commenting on BP announcing profits of $12.8 billion for last year thanks to record-high gas prices, Greenpeace UK’s head of climate Kate Blagojevic said:


“These profits are a slap in the face to the millions of people dreading their next energy bill. BP and Shell are raking in billions from the gas price crisis while enjoying one of the most favourable tax regimes in the world for offshore drillers. And these are the same companies responsible for pushing our world closer to catastrophic climate change. This isn’t right.


“The Chancellor’s response so far has been to protect Big Oil’s profits while offering completely inadequate support for vulnerable households. People will be wondering whose interests he’s serving. 


”BP’s boss said his company is like a cash machine. Rishi Sunak should take the hint and make a very large withdrawal to help struggling families now and cut energy bills in future by insulating more homes.” [1]




Contact: Greenpeace UK news team at press.uk@greenpeace.org and on 020 7865 8255.




  1. https://www.thisismoney.co.uk/money/markets/article-10157957/BP-like-cash-machine-claims-boss-price-oil-gas-soars.html

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