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The National (Scotland)
The National (Scotland)
National
Adam Robertson

Calls for 'meaningful' windfall tax as energy giant's profits soar

THE Scottish Greens have called for a more “meaningful” windfall tax as Shell reported its second highest quarterly profit on record. 

The energy giant said underlying profits reached $9.5 billion (£8.2bn) in the third quarter, compared to $4.2bn during the same period last year. 

Oil and gas prices have surged since the Russian invasion of Ukraine with many major energy companies reporting huge profit increases at a time when many governments are having to step in to support consumers with bills. 

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