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GREEDY oil and gas firms must face an even bigger windfall tax after BP announced profits TRIPLE that of last year, Rishi Sunak has been urged.<\/p>\n
COP climate chief, Alok Sharma<\/a> piled fresh pressure on the PM and Chancellor to raise more money and actively encourage firms to invest more in renewables.<\/p>\n Mr Sharma, who was sacked from Cabinet last week<\/a> but kept his climate job, lashed out at the “excessive profits” being made this year thanks to spiralling energy costs.<\/p>\n He said: “As I said last week, we need to raise more money from a windfall tax on oil and gas companies and actively encourage them to invest in #renewables.”<\/p>\n The cost of living crisis<\/a>, soaring inflation<\/a> and a dire economic forecast means Britain has a whopping \u00a350billion hole in the public finances.<\/p>\n Yesterday oil giant BP<\/a> announced a \u00a37.1billion profit<\/a> in the three months from July to September this year.<\/p>\n READ MORE ON CLIMATE CHANGE<\/strong><\/p>\n<\/p><\/div>\n GREEN WITH ENVY<\/p>\n PM may go to climate summit in after rumours Boris could attend<\/p>\n \t\t\t\t\t<\/a>\n\t\t\t\t<\/div>\n<\/p><\/div>\n FUEL TO FIRE<\/p>\n BP boss panned for tone-deaf remarks as profits treble to 14-year high<\/p>\n \t\t\t\t\t<\/a>\n\t\t\t\t<\/div>\n<\/p><\/div>\n<\/p><\/div>\n They hailed the “exceptional” performance of their gas trading arm.<\/p>\n It is expected to pay nearly \u00a3700million in windfall taxes this year.<\/p>\n Oil and gas firms already pay 30 per cent corporation tax on their profits – and an extra 10 per recent on top of that.<\/p>\n But they have been able to slash their taxes by spending their cash in other ways – meaning in many years they have paid almost nothing in the UK.<\/p>\n \t<\/p>\n \t\t\t<\/a>\n\t\t\t\t\t<\/div>\n <\/p>\n \t\t\t\t\t\t\t <\/p>\n \t<\/a><\/p>\n<\/div>\n <\/p>\n \t\t\t<\/a>\n\t\t\t\t\t<\/div>\n <\/p>\n \t\t\t\t\t\t\t <\/p>\n \t<\/a><\/p>\n<\/div>\n <\/p>\n \t\t\t<\/a> <\/p>\n \t\t\t\t\t\t\t <\/p>\n \t<\/a><\/p>\n<\/div>\n <\/p>\n \t\t\t<\/a>\n\t\t\t\t\t<\/div>\n <\/p>\n \t\t\t\t\t\t\t <\/p>\n \t<\/a><\/p>\n<\/div>\n <\/p>\n \t\t\t<\/a> <\/p>\n \t\t\t\t\t\t\t <\/p>\n \t<\/a><\/p>\n<\/div>\n <\/p>\n \t\t\t<\/a>\n\t\t\t\t\t<\/div>\n <\/p>\n \t\t\t\t\t\t\t <\/p>\n \t<\/a><\/p>\n<\/div>\n \n\t\t\t\t\t<\/div>\n <\/p>\n \n\t\t\t<\/div>\n <\/p><\/div>\n \n\t<\/div>\n \n\t<\/div>\n \n\n\n\n\t\t\t\t\t\t\t\t\t\t\t<\/div>\n
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\n\t\t\t\t\t<\/p>\n<\/div>\n\n\n\n\n\n\nMost read in The Sun<\/h3>\n<\/p><\/div>\n
<\/div>\n\n\n\n\t\t\t<\/p>\n<\/div>\n<\/div>\n\n\n\t\t\t\tCOMMONS TOUCH\t\t\t<\/h3>\n
\n\t\t\t\tThe real reason I'm going on I'm A Celeb & it's not money says Matt Hancock\t\t\t<\/span>\n\t\t\t<\/div>\n<\/div>\n\n\n\t\t\t<\/p>\n<\/div>\n<\/div>\n\n\n\t\t\t\tSO UNFARE!\t\t\t<\/h3>\n
\n\t\t\t\tI gave birth in a taxi & was shocked when the cab firm sent me the clean-up bill\t\t\t<\/span>\n\t\t\t<\/div>\n<\/div>\n\n\n\t\t\t<\/p>\n<\/div>\n<\/div>\n
\n\t\t\t\t\t\t\t<\/p>\n\n\t\t\t\t\t<\/span>\n\t\t\t\t<\/div>\n<\/p><\/div>\n\n\n\t\t\t\tNevern say never\t\t\t<\/h3>\n
\n\t\t\t\tEastenders cast Brit gangster film legend as Sam Mitchell\u2019s ex\t\t\t<\/span>\n\t\t\t<\/div>\n<\/div>\n\n\n\t\t\t<\/p>\n<\/div>\n<\/div>\n\n\n\t\t\t\tnot so wise\t\t\t<\/h3>\n
\n\t\t\t\tTowie\u2019s Ella Rae Wise dumped from reality dating show by furious producers\t\t\t<\/span>\n\t\t\t<\/div>\n<\/div>\n\n\n\t\t\t<\/p>\n<\/div>\n<\/div>\n
\n\t\t\t\t\t\t\t<\/p>\n\n\t\t\t\t\t<\/span>\n\t\t\t\t<\/div>\n<\/p><\/div>\n\n\n\t\t\t\tSAVVY SAVER \t\t\t<\/h3>\n
\n\t\t\t\tI did a \u00a35 shop at Aldi to last me all week – here\u2019s everything I got \t\t\t<\/span>\n\t\t\t<\/div>\n<\/div>\n\n\n\t\t\t<\/p>\n<\/div>\n<\/div>\n\n\n\t\t\t\tWEL THEN\t\t\t<\/h3>\n
\n\t\t\t\tSouthgate includes Welbeck in addition to England's 55-man World Cup squad\t\t\t<\/span>\n\t\t\t<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/p><\/div>\n
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