If you want an illustration of the political perils of making huge oil and gas profits in the UK, look no further than a £400 charitable donation from the boss of BP.
If you want an illustration of the political perils of making huge oil and gas profits in the UK, look no further than a £400 charitable donation from the boss of BP Plc.
The surge in profit reported by the British company on Tuesday, which followed similar windfalls for other major oil and gas firms last week, raises the temperature of the political debate about a cost of living crisis driven in large part by higher energy prices. “I understand that people are under intense financial pressure here in the UK and across the world,” Looney said in an interview. “We can all acknowledge that it’s a very, very difficult situation. So the question is how can we help?” BP is working flat out to help solve the energy crisis, he said.
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