Shell to be hit by £1.7bn in UK and EU windfall taxes

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Shell to be hit by £1.7bn in UK and EU windfall taxes
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Windfall tax payments are to cost Shell around $2bn (£1.7bn), the oil and gas company has revealed

, targeting firms that have benefited from sky-high global energy costs.

Speaking at the Energy Intelligence Forum in London last year, Ben van Beurden said:"One way or another there needs to be government intervention that somehow results in protecting the poorest.His comment was in reference to companies rather than individuals, a Shell spokesperson later said.

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