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THE TRUTH ABOUT: 40 | History Defined

UK energy windfall tax: what it is and why it needs to change

The UK government has increased its 25% levy on oil and gas companies – the UK energy profits levy – to 35% from January 2023 as part of its November 17 Autumn statement. The scheme has also been extended by two years to March 2028. Combined with a new 45%…

The Conversation

After years of construction, Shell ethane cracker starts up

Years in the works, a massive petrochemical refinery in western Pennsylvania fed by the vast natural gas reservoir underneath Appalachia is fully operational

The Independent UK

Burger Bite: Chicago’s new hot spot for filling up on good eats (and maybe gas for your car, too)

Located in a Rogers Park Shell Station, the eight-seat diner is getting major praise for its delicious food. Food Network stopped by in October to film a segment for a new series.

Chicago Sun-Times

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Why COP27 should be the last of these pointless corporate love-ins

It’s a glorious afternoon at a luxury resort in Egypt, with six swimming pools leading to a lovely little stretch of beach on the Red Sea. A salsa aquatic class in one of the pools has several enthusiastic participants. Elsewhere, guests are lounging on deck chairs sipping ice cold cocktails.…

The Conversation

Taxpayer subsidy to energy giants ‘could exceed 100p in the pound’ if Hunt increases windfall tax

Chancellor considering 10p hike in levy to 35% of oil and gas profits

The Independent UK

Shell Energy announces big change for customers - and it could save them cash

Shell Energy who moved from their fixed tariff to a variable tariff after the launch of the Energy Price Guarantee will have the option to move back - but you only have this month to decide

Daily Mirror

FTSE 100 firms hand billions in dividend payouts to Qatar investors

Critics say everyday UK consumer spending has funnelled billions to controversial World Cup host since 2010

The Guardian - UK

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Review: Alicia Keys walked the walk at benefit concert with the San Diego Symphony

SAN DIEGO — It is not uncommon for music stars performing benefit concerts to give a shout-out or two to the cause they are supporting.

Tribune News Service

Widows of executed Nigerian activists end case against Shell

The widows of four Nigerian activists executed in 1995 have withdrawn their appeal in a Dutch civil case in which they alleged that oil giant Shell was complicit in the men’s deaths, ending a yearslong legal battle for compensation and an apology

The Independent UK

Nigerian widows end their case in the Netherlands against Shell

A group of four widows who had sought to hold Shell liable for damages in the Netherlands after their anti-oil activist husbands were executed by the Nigerian government in 1995 have cancelled further legal proceedings, their lawyer said on Monday.

Reuters

Ye and Adidas break up: Why brand marriages sometimes go bad

Brand partnerships between seemingly disparate companies or organizations are all around us.

The Conversation

Pressure grows on Jeremy Hunt to extend windfall tax

Official figures show energy giants have paid £2.8bn in first four months of levy

Evening Standard

£150 Warm Home Discount opens for British Gas, EDF, Octopus and Shell energy customers in Scotland

Households on certain means-tested benefits may need to apply for the energy bill help this winter.

Daily Record

Almost a third of Australia’s large companies pay no income tax

Tax Office finds more than half major mining, energy and water companies paid nothing in 2020-21, a three-year high

The Guardian - AU

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The Guardian - UK

£19,000 in debt to Ovo: customers’ haunting tales of energy bill horror

And every scary scene is hair-raising and packed with suspense

Radio France Internationale

Energy companies land huge profits as fuel prices skyrocket

BP said Tuesday that underlying third-quarter profit more than doubled on high commodity prices from a year earlier to $8.15 billion after the key energy producer Russia invaded Ukraine.

Daily Mirror

Calls for windfall tax hike after BP reveals 'eyewatering' profits of £900 per second

The oil and gas goliath BP announced a forecast-shattering £7.1billion haul for the three months to September, more than double what it raked in the same time last year

Financial Times

Bumper profits raise pressure on oil majors

Saudi Aramco makes $42.5bn quarterly profits as BP steps up share buybacks

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The Guardian - UK

BP declares £7bn profits while energy bills soar? It’s time to start taxing shareholder payouts

Closing tax loopholes would redirect more of BP and Shell’s bumper profits, says Joseph Evans of the IPPR

Insider UK

BP profits more than double to £7.1bn amid windfall tax pressure

Unlike Shell, the UK-listed oil giant will pay £695m via the energy profits levy

The National (Scotland)

BP profits more than double as pressure for greater windfall tax grows

It came as BP confirmed it will be hit by the windfall tax on its UK operations this year, unlike rival company Shell.

The Independent UK

BP profits double due to soaring oil and gas prices

It comes week after Shell announced it had doubled profits from same quarter last year

The Guardian - UK

Jobs at risk as Morrisons shuts 132 McColl’s stores; calls grow for broader energy windfall tax – as it happened

Supermarket chain plans to close loss-making McColl’s stores, as it tries to regenerate business

The New Daily

Activists warn gas leaks leave Qld groundwater at risk

Queensland's groundwater is at risk of being contaminated by leaks from rusting coal seam gas wells in the state's west, activists warn.

AAP

Rusting Qld gas wells leaked: activists

Queensland activists have obtained documents showing some coal seam gas wells have been leaking due to rust, which they say could be a widespread problem.

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