THE UK Government is under increasing pressure to introduce a windfall tax on energy giants after Shell announced mammoth first-quarter profits thanks to soaring oil and gas prices, just days after bumper earnings from rival BP.
Shell posted better-than-expected underlying earnings for the first three months of 2022, at $9.1billion (£7.2bn ) – nearly three times the $3.2bn (£2.5bn) reported a year earlier.
