2026-10-31 09:22 UTC
How might one define 'super' profits, that should be subject to windfall tax?
When (fossil fuel) firms see abrupt rises in profits (see latest from BP), we know that:
new innovations have not come on line;
new investments are not (now) 'paying off'; but rather;
firms' costs remains broadly similar to what they were, but the price they can charge for their product has risen due to external market issues!
In other words *they* have done nothing to earn such profits
#FossilFuels #politics
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