Today news
About the same in other media
BP, Shell shareholders warn against ‘meddling’ windfall tax
Reading now: 418
fnlondon.comBumper profits at Shell and BP have reignited calls for a windfall tax on oil giants to combat soaring energy bills, but shareholders say the move would be “short-term meddling” by the government.
“I’m not that wild on governments intervening in markets on an ad hoc basis, particularly in businesses like this when lead times on investments are very long,” one top 20 shareholder in BP and Shell told Financial News. “Anything that discourages long-term planning — and short-term intervention would discourage long-term investment...
Read more on fnlondon.comAbout this in other media
Windfall tax: which cabinet ministers are for and against it? theguardian.com /2 years ago
Windfall tax would hit renewables investment, National Grid boss says theguardian.com /2 years ago
Keir Starmer: PM choosing to let people struggle by delaying energy windfall tax theguardian.com /2 years ago
Show more
The website finance-news.co. is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
![Here’s how Avalanche [AVAX] is responding to a slew of good developmental news](https://finance-news.co/storage/thumbs_400/img/2022/5/14/25646_zxju.jpg)
