Shell was hit by a wave of anger from environmental groups this morning, as forecast-beating, multi-billion pound profits at the UK’s biggest energy company were powered by fossil fuels.
Profit came in at $7.7 billion (£6.1 billion) in the first quarter of this year, up 6%. That is a rate of £46,000 a minute. The rise came, in part, from what Shell called “higher margins from crude and oil products trading”.
