BBCNEWS BBC News February 8, 2022 17:22:00
Bp says it is investing in renewables, and one former executive believes a windfall tax is not the solution. oil and gas account for 80% of all the energy britain uses every day, so there needs to be the investment in that by companies like bp and shell and others. but they also need — and they are trying to do this — to invest in the move towards low—carbon. only a fraction of bp's profits are generated in the north sea, so a windfall tax applied only to those operations would raise limited revenue. but with oil firms making massive profits, many believe they are in an ideal position to...