MAKE GREEDY OIL GIANTS COUGH UP

Huge profits fury as millions suffer high bills. Pressure on Sunak to boost windfall taxes

- GRAHAM HISCOTT

WHILE millions of people struggled to heat their homes in the growing cost of living crisis, fatcat energy chiefs and their shareholders just kept on getting richer.

And as Shell became the latest to post obscene profits, Rishi Sunak was under more pressure to impose a meaningful windfall tax on firms that could relieve the financial burden on households.

The oil giant raked in a record £7.6billion in the first three months of this year, or £986 every second, and showered shareholders with £4.8billion.

It comes after BP revealed on Tuesday it made £4billion profit in the same period, as homes up and down the country faced sky-high energy bills with no end to the financial misery in sight.

Unite general secretary Sharon Graham said: "The scale of profiteering is one of the corporate scandals of our times. And this is practically untouched by Rishi Sunak's so-called windfall tax."

While the PM raised tax on North Sea producers, including the higher "energy profits levy", "loopholes" are said to allow them to slash what they pay.