What is the windfall tax on oil and gas companies?

of $39.9bn in 2022, the highest in its 115-year history.

And they have been spending billions buying back their own shares from the market, in order to increase their value. Labour criticised the scheme because it also lets firms claim tax savings worth 91p of every £1 invested in fossil fuel extraction in the UK. That allowance will continue.The government also introduced a temporary 45% levy on what it calls "extraordinary returns" from low-carbon electricity generators in the UK.

Not enough.

How much of shells profits were from selling 7p wind power for 63p to consumers.. It’s not all about oil…

A token amount.

Not enough.

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