Energy giants making huge profits as consumers starting to feel the effect of high energy costs

Energy giants making huge profits as consumers starting to feel the effect of high energy costs

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Business, Architecture, Biology, Engineering

University

Hard

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The video discusses the impact of the energy crisis on individuals like John Lloyd and Kevin Dougherty, who face homelessness if energy bills rise. It highlights record profits for oil and gas companies, sparking debate over a windfall tax. While companies argue against it, campaigners push for a faster shift to renewables. The UK government is criticized for subsidizing fossil fuels despite net zero goals. The energy crisis complicates achieving net zero carbon emissions by 2050.

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OPEN ENDED QUESTION

3 mins • 1 pt

What new insight or understanding did you gain from this video?

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