Big Oil’s Tax Practices Are Under Fire As Profits Soar

Long have there been questions and scrutiny over oil majors’ tax practices, with the situation being exacerbated this year due to the global economic and energy crises in the wake of Russia’s invasion of Ukraine. While the U.K. and other countries have introduced a windfall tax on oil and gas majors, not everyone has responded in the same way.

Now, the charity Oxfam is calling for greater transparency and accountability for the tax practices of major fossil fuel firms.  Oil and gas firms have always been scrutinized for paying…