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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)
Government is responsible for oil prices. They set the tone. The market responds. Simple.
This is an irresponsible article, how many years since 2014 did they have a loss? If you are at all concerned with your cost of energy look at taxation. People pay their energy costs with money they have already paid tax on.
Do ya think the ones at the top could maybe sell a yacht or something and help the rest of us Schmucks out. We’re dying.
Good job. We should congratulate the business on being profitable.
Good for them. 👏🏻
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