REACTION: Oxfam response to Shell’s Q2 profits

“It is shameful that Shell, as one of the world’s largest and most profitable fossil fuel companies, continues to reap billions in profits off the back of its planet-wrecking oil and gas operations. At a time when the company should be taking strong action to cut emissions it is instead weakening its climate targets and continues to invest in new oil and gas projects, in favour of short-term shareholder returns.

“As global temperatures and the huge costs of tackling the climate crisis continue to rise, the UK Government has a chance to ensure those most responsible for contributing to global greenhouse gas emissions, like Shell, are held to account by taxing them more. This could help raise the vital funds needed to ensure a fair switch to clean, renewable energy in the UK as well as fulfilling our international commitments to support communities worst-hit by climate change to adapt and recover.”