Carbon TrackerJul 6, 2023
Jim Ratcliffe describes UK 🇬🇧 energy policy as “crap” in his latest criticism of the country’s biz environment. The #Ineos owner accused the UK govt of "ignoring scientists" by banning #fracking & deterring investment in North Sea O&G with #WindfallTaxes https://www.ft.com/content/a2034753-d9f5-44cd-8bd2-ddb5d76b88c8
Ineos owner Jim Ratcliffe calls UK energy policy ‘crap’

News, analysis and comment from the Financial Times, the worldʼs leading global business publication

Financial Times
Show threadCory DoctorowMay 16, 2023

How can we solve America's wage-stagnation crisis? We could raise the minimum wage and/or create a federal jobs guarantee.

How can we solve America's workplace abuse crisis? We could allow workers to unionize.

How can we solve America's price-gouging #greedflation crisis? With #PriceControls and/or #WindfallTaxes.

How can we solve America's inequality crisis? We could #TaxBillionaires.

How can we solve America's monopoly crisis? We could break up #monopolies.

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Emeritus Prof Christopher MayFeb 16, 2023

Looks like #Centrica (owner of #BritishGass) will confirm massively increased profits from last year... given these stem from the rise in wholesale price(s) not anything Centrica has actually done (other than control gas supply), this should be the rightful target for #windfalltaxes... these are essentially monopoly 'super profits'!

However, I won't be holding my breath! #RishiSunakPM is in their pocket!

Emeritus Prof Christopher MayFeb 13, 2023

As #mobilephone & #broadband operators plan for higher than #inflation in-contract rises this spring, given both are now essentially public-regarding utilities, one can only wonder whether instead of blaming #workers for stoking inflation (rather than, actually, merely chasing it to maintain standards of living), the #Tories might decide to reign in the profiteering of the comms firms instead...

#Energy firms have been subject to (albeit weakly engineered) #windfalltaxes;
is it now Comms' turn?

Eric LawtonFeb 2, 2023

Making enormous profits while heating the planet and driving extinction.

To be expected from an evil mobster corporation but there's no excuse for our politicians not to impose #windfallTaxes on #oilAndGas giants.

Shell’s profits show where the real money is made in our energy market
https://www.newstatesman.com/business/2023/02/shell-profits-show-real-money-made-energy-market

Shell’s profits show where the real money is made in our energy market

One month after Wael Sawan became chief executive of Shell, he has announced record-breaking profits for the oil and gas giant this morning (2 February): adjusted profits for 2022 rose to $39.9bn – mo

New Statesman
𝑪𝒉𝒓𝒊𝒔 𝑻𝒉𝒐𝒓𝒏𝒆®Feb 2, 2023
👇🇬🇧"Anger as Shell makes ‘obscene’ $40bn in profits" #ShellOil #WindfallTaxes #OutrageousProfits
https://www.theguardian.com/business/2023/feb/02/shell-profits-2022-surging-oil-prices-gas-ukraine
Calls for bigger windfall tax after Shell makes ‘obscene’ $40bn profit

Calls for larger windfall tax after surge in gas prices fuels ‘outrageous’ doubling of profits at Anglo-Dutch group

The Guardian
Vicky SmithJan 16, 2023

Food companies making big profits as inflation has surged should face windfall taxes to help cut global inequality, anti-poverty group Oxfam said Monday as the World Economic Forum’s annual meeting gets underway...

https://globalnews.ca/news/9412642/world-economic-forum-windfall-tax-food-companies/

#WEF #Oxfam #WindfallTaxes

As World Economic Forum begins, Oxfam urges for windfall tax on food companies

That's one of the ideas in a report by Oxfam International, which has sought for a decade to highlight inequality at the conclave of political and business elites in Davos.

Global News
Naomi_FowlerJan 13, 2023
"trillions of $ have been used to support corporations during the pandemic & to support military spending. Now people are being asked to endure austerity...when they are suffering a cost-of-living crisis." #WealthTaxes #WindfallTaxes
https://www.ipsnews.net/2023/01/austerity-2023-will-fuel-protests/ via @[email protected]
More Austerity in 2023 Will Fuel Protests

This week world leaders meet in Davos to discuss cooperation to address multiple crises, from COVID-19 and escalating inflation to slowing economic growth, debt distress and climate shocks. Only three months earlier, finance ministers had gathered in Washington DC for the same reason. The mood was grim. The need for ambitious actions could not be …

Inter Press Service
Emeritus Prof Christopher MayJan 12, 2023

Are you unsure about the arguments that #BritishGas' owner #Centrica is profiting from the #energycrisis & is maintaining higher (wholesale) prices, using a narrative of 'market pressures' to sustain its profits...

just a leftie conspiracy huh?

Well here's a little bit of data for you:
despite(!!) #windfalltaxes, Centrica's profits went up almost EIGHTFOLD in 2022!!! ...

Unsurprisingly its shares have also risen by over 25% during 2022....

Sharholders are profiting on (y)our misery!