📈 Shell shareholders set for multi-billion pound bonanza as profits soar

Fossil fuels giant Shell has reported profits of $9.6 billion (£7.6 billion) for the first three months of 2023 - a stronger than expected performance.

#Energy #EnergyCompanies #Shell #Profits #News #EnergyCrisis

https://www.nationalworld.com/news/uk/who-owns-shell-bp-centrica-board-of-directors-explained-why-profits-skyrocketing-3791042

#UK #energy suppliers sitting on £7bn #credit belonging to 16m households | #EnergyBills | The Guardian

Nice scam they’ve got going there.

https://www.theguardian.com/money/2023/apr/26/uk-energy-suppliers-sitting-on-7bn-credit-belonging-to-16m-households

#EnergyCompanies #Poverty #CostOfLivingCrisis

@endfuelpoverty additional element to this is it is very easy way to put #PublicFunds into #energycompanies. There should be a #WindfallTax on the disgusting levels of profit in #fossilfuel sector.

Energy giants could be forced to return millions of pounds held in customer accounts | The Independent
#EnergyCompanies
#Energy
#EnergyPriceCap
#Ofgem
https://www.independent.co.uk/news/uk/politics/energy-price-cap-bills-customers-repayment-b2289286.html

BP announced on Tuesday that it will join #Shell in slowing its transition to clean #energy

BP chief Bernard Looney revealed on Tuesday a new plan to funnel an extra billion dollars (£830 million) every year into oil and gas projects until the end of the decade.

Mr. Looney said "recent years show world needs ‘secure’ energy alongside #renewables ."
𝗦𝗼 𝗿𝗲𝗻𝗲𝘄𝗮𝗯𝗹𝗲𝘀 𝗮𝗿𝗲 𝗻𝗼𝘁 𝘀𝗼 '𝘀𝗲𝗰𝘂𝗿𝗲'?

#BP #ClimateCrisis #EnergyCompanies

https://www.ft.com/content/419f137c-3a83-4c9c-9957-34b6609bcdf7

Environmental lawyers ClientEarth have filed a lawsuit against the 11 directors of @Shell_UKLtd for causing #climate breakdown🔥

It is the first case in the world seeking to hold corporate directors liable for failing to properly prepare their company for the net zero #EnergyTransition

#shell #ClimateJustice #ClimateCrisis #EnergyCompanies

https://www.theguardian.com/environment/2023/feb/09/shell-directors-personally-sued-over-flawed-climate-strategy?CMP=Share_iOSApp_Other

Here's a suggestion for England's Labour Party - threaten Shell and BP shareholders that the next government will nationalise the #EnergyCompanies without compensation unless they rein in these obscene profits and redouble their #climate efforts.

https://www.theguardian.com/business/2023/feb/07/bp-profits-windfall-tax-gas-prices-ukraine-war?CMP=Share_AndroidApp_Other

Windfall tax on energy companies is absolutely needed. People are having to chose between #HeatOrEat bailiffs are breaking into people's homes to first prepay meters and energy companies keep posting record profit. #WindfallTax #BigEnergy #energycompanies https://www.bbc.co.uk/news/uk-64489147

The easiest way to save every UK householder money in relation to the #CostOfEnergy is to vote, to vote for a party that is willing to either adequately regulate the #EnergyMarket or re-#nationalise the #EnergyCompanies. Are there any #PoliticalParties with such policies?

Image is a screenshot of #BEIS advert about saving pennies from #twitter - #UKgov not worried about supporting Musk!

Awwww Shell profits are down from £10BILLION last quarter to only £7.5BILLION this quarter. But hey, they did only make £32.2BILLION profit in the last year. #CorporateProfits #EnergyCompanies #RipOffBritain

Arvato Financial… errr Solutions!?! More like Scumbags. What a scumbag company, employing scumbag bullies. Shame on British Gas and other big energy companies for using them. This is exactly the type of story that the British media should focus on, rather than the Harry & Meghan sagas of the world. Well done The Times! 👏

British Gas suspends force-fitting prepayment meters https://www.bbc.co.uk/news/business-64491243

#prepaymentmeters #energycompanies #arvato

Scrooge would be proud. This winter 1000s face getting cut off from heating and electricity because their energy suppliers has forced them onto pre-payment metres. Sign now to tell companies to stop this awful practice. #BanForcedPPMs #UK #energycompanies
https://act.38degrees.org.uk/act/stop-forced-prepayment?

#energycompanies hoarding and increasing customer payments, even when customers have reduced consumption and/or are in credit by significant amounts. #Centrica #EDF #Octopus #Ovo #Ofgem