He told reporters that interventions such as windfall taxes and support packages are a "societal reality".
He said: "We have to accept that governments will raise taxes for that. We should be prepared to accept our industry will be looked at for raising taxes, to transfer funds to those who need it most in difficult times."
This has triggered an investment relief mechanism that has largely offset the windfall tax.
The windfall tax, which was unveiled in May, meant
However, it expects to start paying windfall taxes in the first quarter of next year. This follows the energy giant unveiling another mammoth trading update - reporting hefty profits in its third quarter of £8.1bn (
The headline numbers were below its record previous quarter earnings this year of £9.9bn (
The latest results have reignited calls from the
(c) 2022 City A.M., source