Calls for ‘loophole’ to be closed as BP bags £500m of profits beyond expectations

BP announced that it made just under $5bn ($4.96bn; £4bn) in underlying replacement cost profit between January and March of this year, citing a strong performance in its oil trading business. The profit is actually a reduction from last year's gargantuan take, when BP's business benefitted from extremely high energy…
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Energy firms face ‘tsunami’ of industrial action, union warns

According to Unite, around 1,400 offshore workers across five companies are planning to strike, which could bring platforms and offshore installations to a “standstill”. The latest round of industrial action will hit BP, CNRI, EnQuest, Harbour, Ithaca, Shell and Total. Fossil fuel extractors have enjoyed bumper profits over the last…
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