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Shell annual profits for 2023 – Friends of the Earth reaction

news release

Responding to Shell’s annual profits announcement for 2023, in which the oil giant posted earnings of £22.4 billion, Imogen Dow, warm homes campaigner at Friends of the Earth, said:

“2023 was one of Shell’s most profitable years ever as the oil and gas industry continues to rake in billions while billpayers face another winter of soaring energy prices.

“It’s been more than two years since energy prices first shot up and still the UK’s cold homes crisis remains unaddressed, at detriment to the millions struggling to stay warm and well this winter.

“By rolling out a street-by-street insulation programme, and rapidly expanding the UK’s homegrown renewable power production, the government can bring down bills quickly, keep millions warmer and slash carbon emissions. This can and should be funded in part through a windfall tax on the fossil fuel companies fuelling the climate crisis and driving up energy prices.”


For more information and interview requests contact the Friends of the Earth press office on 020 7566 1649 or email

Notes to editors:

1. About Friends of the Earth: Friends of the Earth is an international community dedicated to the protection of the natural world and the wellbeing of everyone in it. We bring together more than two million people in 75 countries, combining people power all over the world to transform local actions into global impact. For more information visit: follow us at @friends_earth, or like our Facebook page. Save paper and send an e-card today, available at

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