Even Shell's CEO admitted taxes on energy companies are a way to deal with inflation

Posted on AllSides October 4th, 2022
From The Center
Adrian Dennis (Getty Images)
ANALYSIS

The head of one of the world’s largest oil companies is urging authorities to take from the rich to help the poor.

As the cost of gas skyrockets in the UK and across Europe, “one way or another, there needs to be government intervention,” Shell CEO Ben van Beurden said at the Energy Intelligence Forum in London today (Oct. 4), quoted by Bloomberg. “A government intervention that somehow results in protecting the poorest, that probably may then mean that governments need to tax people in this room to pay for it.”

Read full story
Some content from this outlet may be limited or behind a paywall.

Quartz

AllSides Media Bias Rating: Center
AllSides Media Bias Rating: Center
110252/85864
See full bias rating for Quartz
Learn about media bias
https://qz.com/even-shells-ceo-admitted-taxes-on-energy-companies-are-1849613533

More News about Business from the Left, Center and Right

From the Left

From the Center

From the Right