After Shell's latest astronomical profits, we need a permanent polluters tax to pay for climate loss and damage
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Hi John,
Today Shell has once again announced spiralling profits of nearly $10 billion in just three months – exceeding forecasts that were already astronomical. On Tuesday BP did the same. With the government’s feeble windfall tax full of loopholes – they get let off most of it if they spend money on MORE oil and gas extraction in the North Sea – it is high time we had some proper action against this rampant profiteering which is fuelling the climate emergency.
Climate change is also exceeding forecasts – and we know what to do about it: stop burning fossil fuels. But the big polluters like Shell and BP are continuing business as usual. And they’ve paid nothing for the climate loss and damage they are causing around the world. That’s why we’re demanding a crucial solution to the climate crisis: make polluters pay.
Can you sign our petition to demand the government makes polluters pay for climate damage now?
Add your name ([link removed])
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At a time when all of us in the UK face a rising cost of living, and people around the world face a deepening risk of climate disaster, these bumper profits are an outrage. But the action needed against fossil fuel corporations like BP and Shell must go further than a one-off windfall tax, even with loopholes eliminated. We need a permanent polluters tax to force these companies to pay for the consequences of their actions.
Polling by Christian Aid today shows that nearly four in five UK adults think it’s wrong for fossil fuel industry to get away with such mammoth profits without taking responsibility for their contribution to climate change. More than 60% agree these profits should be taxed to pay for repairing climate loss and damage.
Climate justice is popular, when we explain it to people. But politicians aren’t going to act on polling alone – they need to feel pressure from the public.
That’s why we’re gathering as many signatures as we can on our petition, as well as mobilising in our communities and at big protests like the Big One last month – to create momentum for the change we need.
Can you add your name to our call to make polluters pay for climate damage now?
Sign the petition ([link removed])
As we found at our recent monopoly capitalism conference, there is a great deal of support for action to tackle the scourge of mega-corporations like BP and Shell and the extreme power they hold in our world today, which is driving increasing inequality as well as disastrous climate impacts. Together we are fighting back and refusing to let them get away with it.
Thanks for everything you’re doing,
Jonathan Stevenson
Campaigner at Global Justice Now
Notes
1. Shell makes record first-quarter profits of nearly $10bn ([link removed] ) , Guardian, 4 May 2023
2. Calls for 'loophole' to be closed as BP profits are £500m ahead of expectations ([link removed]) , Independent, 4 May 2023
3. Making polluters pay climate reparations ([link removed]) , Global Justice Now, February 2023
** Powerful multinational corporations are continuing to fuel and profit from the climate crisis.
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