Shell paid no tax on their UK oil and gas production in 2021 while receiving £100 million from taxpayers in government handouts, according to Labour.
The research by the Labour Party revealed that Shell and BP have taken £700 million of government handouts for oil and gas production since 2016, as new poorly designed tax breaks hand back billions more.
The figures were highlighted as Tory stand-in chancellor Nadhim Zahawi prepared to call in gas and electricity company executives to detail a breakdown of their rising profits as consumers face record price rises.
