Energy prices are breaking all records. On 17 August, the price stood at 541 per megawatt hour. Four days later, a new record followed at 562. That did not last long: on 24 August it was already 612 euros. The government’s response? To make us swallow the bitter pill. “The next five to ten winters will be difficult,” said Prime Minister Alexander De Croo (Open Vld). They will not be difficult for everyone. Profits and dividends to shareholders are also reaching record levels.
ExxonMobil paid out $7.6 billion to its shareholders in the second quarter. US President Joe Biden dismissed this with a joke, but it sums up the situation well. Fifteen of the largest oil multinationals made a combined profit of USD 77 billion in the second quarter of this year, three times as much as in the same period last year. The jackpot went to the Saudi company Aramco, which made a profit of USD 48 billion. Meanwhile, Arlanxeo, an Aramco subsidiary operating in Zwijndrecht in the Antwerp port area, announced in June that it was cutting 70 jobs because of... the sharp increase in energy prices. Those capitalists are ashamed of nothing!
Last year, energy company Engie-Electrabel made a profit of 1.9 billion euros, of which 1.244 billion was immediately transferred to the French parent company Engie. In the second quarter, Engie made a profit of...
Congress leaders Harshwardhan Sapkal and Nana Patole, Nationalist Congress Party (SP) legislator Rohit Pawar, and Shiv Sena (Uddhav Balasaheb Thackeray) leader Priyanka Chaturvedi said PM Modi's sp...