BBC News
Shell boss says taxing energy firms to help the poor is ‘inevitable’
By Tom Espiner: Business reporter, BBC News: 4 Oct 2022
Taxes on firms within the oil and gas industry are “inevitable” to help the poorest people, the outgoing boss of Shell has said.
Ben van Beurden said that energy markets cannot behave in a way that “damage a significant part of society”.
Households in the UK have been under pressure from rising energy bills as gas prices have soared.
The UK government under Liz Truss has pushed back against extending a windfall tax on oil and gas firms.
Last week, the EU agreed emergency measures to charge energy firms on record profits.