Calls for bigger windfall tax after Shell makes 'obscene' $40bn profit

Sunak government under pressure after gas prices fuel 'outrageous' doubling of profits at Anglo-Dutch groupShell's spending on renewables 'a fraction of what it claims'Nearly 14,000 Nigerians sue over pollution impactThe government is under pressure to rethink its windfall tax on energy companies after Shell reported one of the largest profits in UK corporate history, with the surge in energy prices sparked by Russia's invasion of Ukraine pushing the oil company's annual takings to $40bn (?32bn).Opposition parties and trade unions described Shell's bonanza, the biggest in its 115 year history, as "outrageous" and accused Rishi Sunak of letting fossil fuel companies "off the hook". Continue reading...