(Alliance News) - Shell PLC's new Chief Executive Wael Sawan has said the US is more attractive for energy investment than the UK, in an interview with The Times on Monday. Shell expects to pay around USD500 million in tax in Britain in 2023 due to the levy. https://www.thetimes.co.uk/article/us-is-more-attractive-than-britain-for-energy-investment-warns-shell-chief-wael-sawan-j9d922nxbIn early February, Shell said it made a yearly pretax profit of USD64.81 billion in 2022, more than doubling from USD29.83 billion. Former Shell CEO Ben van Beurden back in October had said the governments should "probably" tax energy firms, as many consumers struggle with a rising cost of living. Shares in Shell closed down 0.8% at 2,582.50 pence each in London on Friday.

Source: The Times March 06, 2023 06:58 UTC