How a Big Oil Lobbying Network Makes Billions from Taxpayers as North Sea Wells Run Dry

Source: Desmog UK

 

Big Oil companies have made billions from exploiting the North Sea’s oil and gas resources. But as it gets harder to squeeze a profit out of the drying fields, they are increasingly asking the taxpayer to fund their polluting activities, all while making billions for their shareholders.

Since 2015, the Treasury has given the industry tax breaks worth £2.3 billion. This is despite BP, Shell and Total making after tax profits of $10 billion in 2016 alone.

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