Russian President Vladimir Putin acknowledged Wednesday that his “special military operation” in Ukraine is taking longer than expected but hailed the seizure of his neighbor's territory.
Critics Accuse Shell of Profiting, From the War in Ukraine .
Critics Accuse Shell of Profiting, From the War in Ukraine .
BBC reports that oil and gas giant Shell saw
record annual profits in 2022 after energy prices
soared following Russia's invasion of Ukraine. .
In 2022, profits for Shell hit $39.9 billion,
double the total of the year prior and the
highest in the company's 115-year history.
In 2022, profits for Shell hit $39.9 billion,
double the total of the year prior and the
highest in the company's 115-year history.
Energy firms around the world have been
registering record earnings since the price of oil
and gas jumped amid Russia's war with Ukraine.
The record profits come as
households around the world are
struggling with the rising cost of bills.
The record profits come as
households around the world are
struggling with the rising cost of bills.
BBC reports that opposition parties called Shell's record profits "outrageous" and accused the government of letting energy firms "off the hook.".
No company should
be making these kind
of outrageous profits
out of Putin's illegal
invasion of Ukraine, Ed Davey, Liberal Democrat leader, via BBC.
Following Russia's invasion,
the price of Brent crude oil
shot to nearly $128 a barrel.
Last year, the U.K. government introduced the Energy
Profits Levy on the "extraordinary" earnings of energy
firms to help reduce the price of gas and electricity bills.
On February 2, Shell said that it was due
to pay $134 million in taxes to the U.K.
and an additional $500 million in 2023.
However, critics point out that the U.K.-based
company has been paying more to its shareholders
than it spends on investments in renewable energy.
However, critics point out that the U.K.-based
company has been paying more to its shareholders
than it spends on investments in renewable energy
Credit: Wibbitz Top Stories Duration: 01:31Published
Former US Secretary of State Mike Pompeo has told Sky News he believes China's President Xi is a bigger threat to the world than Vladimir Putin. Sky News
Rachel Reeves says she "respects" the independence of the Bank of England after they raised interest rates to 4% on Thursday, saying: "It's their job to meet the inflation targets through changes in interest rates." The shadow chancellor also condemns Shell's record £32 billion profits in 2022, which she says are "the windfalls of an illegal war in Ukraine". Report by Wardl. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Russian Defence Ministry spokesperson Igor Konashenkov claims that Russian troops have "liberated" the village of Blagodatne, north of the eastern Ukrainian town of Bakhmut. Russia..
Russian Defence Ministry spokesperson Igor Konashenkov claims that Russian troops have "liberated" the village of Blagodatne, north of the eastern Ukrainian town of Bakhmut. Russia has been seeking to..
In a new interview, former UK Prime Minister Boris Johnson said President Vladimir Putin did not seem serious about avoiding war in the days before Russia invaded Ukraine.
Credit: euronews (in English) Duration: 01:00Published
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