European Oil Giants Report 'Obscene' Profits as Millions Face Deadly Energy Crisis

Australia News News

European Oil Giants Report 'Obscene' Profits as Millions Face Deadly Energy Crisis
Australia Latest News,Australia Headlines
  • 📰 commondreams
  • ⏱ Reading Time:
  • 21 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 51%

'The likes of Shell are treating families like cash machines.'

Banner earnings reports from Europe's two largest oil companies sparked fresh calls for a windfall profits tax that would return money to households being hammered by an energy cost spike stemming from Russia's war on Ukraine, which fossil fuel giants have"The announcement of yet another obscene profit for Shell shows the scale of the pain that these companies are inflicting on the public," said Freya Aitchison, an oil and gas campaigner at Friends of the Earth Scotland.

"The government has run out of excuses," O'Grady added."It must impose a higher windfall tax on oil and gas companies. The likes of Shell are treating families like cash machines."that the company's"bumper earnings may add fuel to the raging debate over what the French call superprofits by energy firms due to the spike in prices thanks to the Russian invasion of Ukraine.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

commondreams /  🏆 530. in US

Australia Latest News, Australia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

AFL-CIO Economist Warns Fed Is Using 'Flat Wrong' Analysis to Inflict Pain on WorkersAFL-CIO Economist Warns Fed Is Using 'Flat Wrong' Analysis to Inflict Pain on Workers\u0022The Federal Reserve is doing the greatest harm I could ever imagine\u0022 by continuing to raise interest rates, said economist William Spriggs.
Read more »

'We Don't Have to Live This Way': St. Louis School Gunman Armed With AR-15, 600+ Rounds'We Don't Have to Live This Way': St. Louis School Gunman Armed With AR-15, 600+ Rounds\u0022Vote for lawmakers who will stand up to the gun lobby,\u0022 one parent urged. \u0022Our kids lives depend on it.\u0022
Read more »

Best gifts to order in Canada 2022 — unique, thoughtful and personableBest gifts to order in Canada 2022 — unique, thoughtful and personableBye bye \u0022hard to buy for\u0022
Read more »

NASA scientists believe large lakes could be hiding within Europa's icy shellNASA scientists believe large lakes could be hiding within Europa's icy shellScientists have theorized that there are large pockets of water hidden within the ice shell of Jupiter's moon Europa.
Read more »

Biden's LNG Export Goal 'Would Spell Climate Disaster,' Analysis WarnsBiden's LNG Export Goal 'Would Spell Climate Disaster,' Analysis Warns\u0022The White House vision for delivering gas to Europe will serve to deliver climate chaos across the globe, at a moment when we simply cannot build new fossil fuel facilities at all,\u0022 said Food \u0026 Water Watch.
Read more »

Oil giant Shell plans to raise dividend as it reports third-quarter profitOil giant Shell plans to raise dividend as it reports third-quarter profitShell revealed plans to increase its dividend per share by around 15% for the fourth quarter, to be paid out in March 2023.
Read more »



Render Time: 2025-02-25 17:34:13