According to the BBC
The government is facing growing calls to raise more money from the windfall tax on energy firms after oil giant BP reported a huge rise in global profits.
BP made $8.2bn (£7.1bn) between July and September, more than double its profit for the same period last year.
Surging oil and gas prices have led to big gains for energy firms but are also fuelling a rise in the cost of living.
BP expects to pay $800m in UK windfall taxes this year while rival Shell recently said it will pay none.
When Rishi Sunak was chancellor, he enacted the windfall tax in May. The tax is anticipated to raise £17 billion this year and the following year, according to a Treasury spokesperson, “to help fund cost of living support for eight million people”.
But Ed Miliband, shadow climate change secretary, said that BPs’ profits were “damning evidence of the failure of the government to levy a proper windfall tax”.
“Rishi Sunak should be hanging his head in shame that he has left billions of windfall profits in the pockets of oil and gas companies, while the British people face a cost-of-living crisis,” he said.
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