Shell today defended handing multi-billion dollar payouts to investors after 2021’s blistering rise in natural gas and oil prices
But he rejected calls for the introduction of a one-off windfall tax on North Sea energy firms, saying he was not convinced imposing a levy on higher profits would resolve issues of “booming demand and struggling supply”.He said: “We are seeing an extraordinary situation globally where demand has run away from us and supply is struggling to keep up.
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