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The Independent UK
The Independent UK
Zoe Tidman

Oil firms to reap £11.6bn unexpected wartime profits on UK fossil fuels, Greenpeace projects

AFP via Getty Images

Fossil fuel companies could get an unexpected £11.6bn in profits from North Seaoil and gas this year mainly due to the invasion of Ukraine, according to new analysis from Greenpeace.

The wartime spike in energy prices is estimated to largely drive a 111 per cent increase in profits for those extracting British fossil fuels, campaigners estimated.

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