Member Info for spights

30.48 USD +0.47 (1.57%)

https://www.reuters.com/markets/deals/archaea-energy-be-bought-by-bp-41-bln-including-debt-2022-10-17/

10,620.82 +299.43 (2.90%)

10,600.10 +278.71

30.56 USD +0.23 (0.76%)

https://www.livecharts.co.uk/MarketCharts/brent.php

https://www.bloomberg.com/press-releases/2022-10-17/archaea-energy-to-be-acquired-by-bp-for-approximately-4-1-billion

Well done
Excellent timing

Onwards and upwards:))))))))

https://www.livecharts.co.uk/MarketCharts/brent.php

Shell (LON:SHEL) CEO Ben van Beurden has “flung open a door on windfall tax which the UK Government had been trying to close”.

Yesterday the outgoing head of the oil giant told a conference in London that governments need to tax energy firms to help the poor, describing such levies as “inevitable”, echoing a similar sentiment from Equinor CEO Anders Opedal last month.

Susannah Streeter, senior investment and market analyst at Hargreaves Lansdown, said Ben van Beurden’s comments will “reignite the debate”.

‘’Shell’s boss has flung open a door on a windfall tax which the UK government had been trying to close. This will reignite the debate over how profits of energy giants should be taxed, just as a row rages about whether welfare spending will be hit to pay for the Truss administration’s slash and spend policies.”

It comes as industry groups like Offshore Energies UK (OEUK) – of which Shell is a leading member – and even the new Prime Minister Liz Truss have attempted to prevent any further extension to a windfall tax on such companies.

Rishi Sunak imposed the Energy Profits Levy on producers in May, increasing their headline tax rate from 40% to 65%.

Meanwhile Labour leader Sir Keir Starmer, whose party is polling comfortably ahead of the Tories following the Chancellor’s “mini budget” last week, backs an extension to the windfall tax.

Mr van Beurden told the conference that “one way or another there needs to be government intervention”.

https://www.livecharts.co.uk/MarketCharts/brent.php

Jeremy Hunt

..

Jakers I agree it was the wrong choice
Truss needs to go. Sunak was always the better of the two

https://news.sky.com/story/kwasi-kwarteng-sacked-as-chancellor-after-mini-budget-turmoil-sky-news-understands-12719407

https://www.telegraph.co.uk/politics/2022/10/14/politics-latest-news-kwasi-kwarteng-latest-liz-truss-mini-budget/

https://www.bp.com/content/dam/bp/business-sites/en/global/corporate/pdfs/investors/bp-financial-calendar-2022.pdf

We will get our £5
Very confident (2022)
Onwards and upwards

No holding