BP profits: Lack of windfall tax “impossible to justify”

Responding to the announcement BP made profits of over $6 billion in the first quarter of 2022, Liberal Democrat Leader Ed Davey said:   “The Conservative government’s refusal to introduce a windfall tax on the super profits of oil companies is becoming impossible to justify.  “BP is raking in eye-watering profits while millions of people struggle to pay the bills. It is an unforgivable lack of leadership from Boris Johnson at a time of national crisis. “Oil companies are handing out huge dividends and buying back shares, they could easily afford to pay a little more to help the most vulnerable.”