Disaster capitalism in action. This is precisely why Shell left the Netherlands to set up shop in deregulated post Brexit UK.
Libertarianism is incompatible with democracy.
Shell makes record $40bn in profits on back of surging gas prices theguardian.com/business/2023/…
Libertarianism is incompatible with democracy.
Shell makes record $40bn in profits on back of surging gas prices theguardian.com/business/2023/…
Bill-payers appalled oil giants Shell are still seeing sky-high profits. Instead of re-investing those profits in the transition to net zero, they’re spending billions on enriching their own shareholders and executives, announcing a further £3.2bn of share buybacks this morning.
The sheer scale of that transfer of wealth - from bill-payers to shareholders - is inexcusable and demands action from the government.
The Govt should fairly tax these share buybacks to raise hundreds of millions for the exchequer, but you know profit is God...#GTTONow
The Govt should fairly tax these share buybacks to raise hundreds of millions for the exchequer, but you know profit is God...#GTTONow
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