Shell has recorded its highest-ever profits, as Russia’s war in Ukraine saw the fossil fuel giant’s top line soar by 53 per cent to £68.1bn last year.
The profits are the highest in the oil and gas firm’s 115-year history and come in the midst of a cost of living crisis, prompting increased calls in the UK for a tighter windfall tax – as Rishi Sunak’s government was accused of letting fossil fuel giants “off the hook” by failing to target the “proceeds of war”.
