Corporate fat cats sitting in the boardrooms of multinational energy companies have never had it so good.
The likes of BP and Shell have earned record profits as a result of the soaring cost of oil and gas. The two firms will this week announce quarterly results which are expected to confirm the money continues to roll in at head-spinning speed.
The UK Government has imposed a modest windfall tax on the energy giants but it doesn’t go far enough. It barely scratches the kind of cash these conglomerates are earning.
