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Ed Miliband, the opposition Labour Party’s spokesman on climate issues, called on the U.K. government to bring forward a “proper” windfall tax on energy companies. Bumper profits for energy companies worldwide have sparked demands that the fossil fuel industry do more to offset high energy bills even as they cut climate-damaging carbon emissions. U.S.-based Exxon Mobil Corp. posted record earnings of US$55.7 billion last week.Article content
BP on Tuesday said it would boost investment in renewable energy, hydrogen and electric vehicle charging as well as its oil and gas businesses, plowing an additional US$8 billion into the two segments through 2030.Article content
Source: News Formal (newsformal.com)
Enormous profits now. Enormous losses in 2020 and 2021.
Where was the headline 'Yet another day of enormous profits at a tech giant' when the FANG companies reported record earnings year after year for 10+ years between 2010 & 2020? energy investing stocks $AAPL $XOM $BP $AMZN $MSFT
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