Centrica and Shell’s obscene profits are a line in the sand

Bumper profits for energy giants while millions are in fuel poverty shows the system is broken — it is clearly time to renationalise these industries and we must support all those who are fighting for this goal, writes KEN LIVINGSTONE

HIS WEEK it was announced that Shell made record profits of nearly £10 billion between April and June and promised to give shareholders payouts worth £6.5bn.

It made adjusted profits of £9.5bn during the second quarter of the year, beating its previous high — set only between January and March earlier this year — by 26 per cent.
Read the full article