Labour responds to news of BP's Q4 2021 results

Ed Miliband, Shadow Secretary of State for Climate and Net Zero, responding to news of BP’s Q4 2021 results, said: 

“BP’s results yet again demonstrate the case for a windfall tax. The boss of BP described the energy price crisis as a cash machine for his company - and the people supplying the cash are the British people through rocketing energy bills. 

“In these circumstances, it is only fair and right for oil and gas producers to contribute to helping the millions of families facing soaring inflation and a cost of living crisis. 

“The Chancellor is completely out of step with the mood of the country in rejecting a windfall tax. His buy now pay later scheme for the energy spike will just push the costs onto future bills, and the government has no plan to create a more secure and sustainable energy sector for the future.

“It tells you everything you need to know about where this Government stands that they won't take the action necessary to help people through this crisis.”

Ends 

Notes to Editor

• BP fourth quarter and full year 2021 results will be available on Tuesday 8 February 2022 at 9-11am at: 
  https://www.bp.com/en/global/corporate/investors/results-and-presentations/quarterly-results-and-webcast.html?utm_source=4Q20BPInvestapp