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Evening Standard
Evening Standard
Business
Simon English

The wrong time for a windfall tax on big oil

British Petroleum Shell
BP owns a 20% stake in a Russian oil company (PA) (Picture: PA Archive)

Back in early February, which feels like a different age, BP and Shell were unveiling joint profits of around £40 billion.

The usual crews of anti-poverty campaigners and environmentalists said these returns were obscene and much else besides.

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