Analysis: Little of record profits going to UK taxpayers as fossil firms claim cash is needed for move to low carbon
The chief financial officer of the oil and gas company BP, Murray Auchincloss, told investors this week: “It’s possible that we’re getting more cash than we know what to do with.”
Oil and gas companies have reported bumper profits, as the gas crisis raises the price at which they can sell their fossil fuels, without raising the cost of their extraction.
