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PURE GREED: How fatcat energy bosses will bank a staggering £15 MILLION as terrified hard-up Brits choose heating or eating

The Sun

PURE GREED: How fatcat energy bosses will bank a staggering £15 MILLION as terrified hard-up Brits choose heating or eating

As The Sun revealed yesterday, Nadhim Zahawi has summoned gas and electricity bosses in to explain just how much cash they are making out of the energy crisis.

It comes as energy experts at Auxilione revealed energy bills could reach over £5,000 next year and Martin Lewis warned the crisis could put lives at risk.

Zahawi and Business Secretary Kwasi Kwarteng wil also demand to know what investment they plan to make with their soaring profits.

They may not all be there in person but there’s little doubt which three bosses are facing the brunt of the public’s fury — Centrica’s Chris O’SheaShell’s Ben van Beurden and Bernard Looney of BP.

Combined, the three executives earn more than £15million a year, thanks to extraordinary profits from the sky-high prices of fuel.

The biggest earner is Irish businessman Looney, who is set to make a staggering £11.4million this year.

Late last year, after higher oil and gas prices boosted BP’s profits, he caused outrage when he said of the company: “When the market is strong, when oil prices are strong and when gas prices are strong, this is literally a cash machine.”

There has been further controversy over his and BP’s relationship with Russian state-owned energy giant Rosneft after Russia invaded Ukraine, and until February he was on Rosneft’s board.

Dutch executive van Beurden, who joined Shell in 1983, earns £1.33million a year, plus a £2.15million bonus.

He is reportedly selling his £5.2million eight-bed mansion in Holland to move to the UK.

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Mansion-owning Shell boss dismisses cost of living crisis while raking in record profits since Ukraine war

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