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The Independent UK
The Independent UK
National
August Graham

Shell boss opposes windfall tax as profits soar 14-fold

Shell Ben van Beurden van Beurden
PA Archive

The boss of Shell has said his company is facing a “difficult situation” after the business reported a 14-fold increase in profits as the price of gas soared.

The business leader also batted away suggestions of a windfall tax on oil and gas giants that proponents say could help households facing a 50% spike in energy bills caused by high gas prices.

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