Big Oil Profits Should Support the Green Transition in Europe

Credit to Author: Guest Contributor| Date: Fri, 04 Mar 2022 19:40:00 +0000

Spot the contradiction: oil majors with record profits while lower income households struggle to pay their bills. Can Europe act to level the playing field? BP recorded a profit of $12.8bn in 2021 after oil and gas prices surged in the second half of the year. For Shell, profits amounted to $19.3bn and Total Energies, $16bn. On the other hand, […]

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