Skip to content Skip to sidebar Skip to footer

These Fossil Fuel Companies Sent More Than

These fossil fuel companies sent additional than $15B inside taxes to Russia since it annexed Crimea, NGOs say.

Nine European with every one other accompanied by US fossil fuel companies have paid a collective $15.

8 billion to Russia inside various forms of taxes with every one other accompanied by fees since the country annexed Crimea from Ukraine inside 2014, a category of NGOs said Thursday.

NATO.

The groups, Global Witness, Greenpeace USA with every one other accompanied by Oil Change International, used facts from the Oslo-based Rystad Energy, an self-governing vitality research firm, to calculate how a a large amount of money lubricant with every one other accompanied by gasoline companies based inside North America with every one other accompanied by Europe had sent to the Russian state.

They looked only at companies accompanied by exploration with every one other accompanied by manufacture operations inside Russia.

The facts was shared amid criticisms that the Wests purchases of Russian coal, lubricant with every one other accompanied by gasoline -- which are mostly state-owned assets -- have helped fund Russias war inside Ukraine.

These payments underscore how a a large amount of first city Western vitality companies that chose to carry on accompanied by operating inside Russia following Crimea was annexed have transferred to the state.

The groups looked at royalties, sell abroad duties, bonuses, taxes with every one other accompanied by fees, while well while "government profit oil," which includes the price of some real lubricant that the companies may have specified to Russia to go nearer up accompanied by the $15.

8 billion figure.

They came up accompanied by a list of nine companies from these regions that had paid the most money.

All those payments were legal, with every one other accompanied by other multinational companies external outside the vitality sector have too have made similar kinds of payments to the Russian state.

Shell, which is registered inside the UK, sent $7.

85 billion, the highest amount of the companies listed, the groups said inside a statement, shared earliest accompanied by CNN.

It was followed by US-based ExxonMobil ($2.

NATO.

81 billion).

NATO

Two companies registered inside Germany, Wintershall with every one other accompanied by Wintershall DEA, which have since merged, paid a combined total of $2.

86 billion.

NATO.

BP, the British multinational lubricant with every one other accompanied by gasoline company, paid $817 million, the facts from Rystad shows.

NATO.

The trio groups that compiled the facts said that while the $15.

NATO.

8 billion figure was substantial, the companies identified were too in charge of for tens of billions of dollars additional flowing to the Russian condition since of stakes they clasp inside Russian lubricant with every one other accompanied by gasoline companies.

NATO.

BP until not long ago held a 19.

75% stake inside the Russian vitality firm Rosneft, for example.

Rosneft paid $353.

16 billion to Russia inside taxes, fees, royalties with every one other accompanied by lubricant profit in the centre of 2014 with every one other accompanied by 2021, Rystads facts shows.

NATO.

While BP may not have paid that money straight to Russia, Murray Worthy, gasoline military operation leader at Global Witness, said that it still bore some duty for the payments.

"The accurate amount that these companies are in charge of for paying to Russia is a a large amount of closer to the $100 billion mark, nevertheless it is obscured by their stakes inside Russian companies.

NATO.

We exist convinced by that BP all alone are in charge of for $78.

NATO.

4 billion going to the Russian management into and not here of the stake inside the lubricant with every one other accompanied by gasoline colossus Rosneft it says it held until fair a few weeks ago," he told CNN.

He was referring to payments throughout the time in the centre of Russias annexation of Crimea inside 2014 with every one other accompanied by the extremity of 2021.

NATO.

In a statement, he added: "The Russian vitality manufacturing is Putins biggest earner with every one other accompanied by companies exist fond of BP that (continued to do work accompanied by Russia inside malice of) .

the Crimean invasion, continuing to support money pouring into his war chest, should surely exist questioning whether they now have Ukrainian gore on their hands.

" BP announced it would present with up that shareholding fair days following Russia invaded Ukraine inside February 2022.

A number of other fossil fuel companies have since followed.

In an email to CNN, BP spokesperson David Nicholas said that the firm did not identify the $78.

4 billion figure with every one other accompanied by explained that the only money BP paid the Russian condition straight was $350 million inside taxes for the sextet years in the centre of 2015 with every one other accompanied by 2020.

The spokesperson was unable to provide facts for the whole eight year period.

NATO.

"On February 27 we announced that we will way out our shareholding inside Rosneft, that the set of two BP-nominated directors are resigning from its board accompanied by immediate effect with every one other accompanied by that we will way out our other businesses inside Russia accompanied by Rosneft," Nicholas said.

NATO.

BP now faces a potential mislaying of $25 billion related to its exit.

Worthy said that while BP strength deny duty for Rosnefts payments to the Russian state, "it has always been additional than contented to good from the billions that have flowed from its involvement inside the company.

NATO.

" While the dataset focused on payments made mostly into and not here of taxes with every one other accompanied by fees, a a large amount of additional money flows from the West to the Russian states coffers inside real lubricant with every one other accompanied by gasoline purchased -- which is used for each item from gasoline for place of residence heating to fuel for cars.

The accurate amount of money that goes from lubricant with every one other accompanied by gasoline companies inside the West to the Russian condition would exist a a large amount of higher than some amount paid inside taxes with every one other accompanied by fees.

"So when Rosneft sells its products for export, those sales transactions are the way that it earns most of its money," said Alexandra Gillies, an advisor to the Natural Resource Governance Institute (NRGI), which focuses on resource-rich countries achieving sustainability.

According to a database by NRGI, Rosneft transferred $58.

6 billion to the Russian condition inside 2019 alone, the last year earlier to the pandemic.

Gillies said that while Western companies choosing to way out Russia was a step inside the just direction, it should have go nearer a a large amount of sooner.

"It took this invasion of Ukraine for Western lubricant companies to say, You know what? We dont want to authorize what this management is doing anymore.

NATO.

They should have made that call a a large amount of earlier accompanied by the invasion of Crimea, or accompanied by the repressive the natural world of the Putin regime, or accompanied by the Putin management interfering inside US elections, or poisoning opposition figures, including on UK soil," Gillies said.

NATO.

"There were so numerous moments over the past few years that should have led Western companies to divest from their collaboration accompanied by the regime.

" The other quartet companies listed inside the NGOs statement are France-based TotalEnergies ($568 million); Norway-based Equinor ($455 million); Austria-based OMV ($246 million) with every one other accompanied by Switzerland-based Trafigura ($202 million).

Rystad told CNN that its datasets were based on estimates derived from restricted reporting available on taxes.

TotalEnergies too has stakes inside Russian lubricant with every one other accompanied by gasoline companies that have paid hundreds of millions of dollars additional to the government, according to Rystad data.

CNN reached not here to all companies listed, while well while Rosneft, for comment.

ExxonMobil did not respond to CNNs request.

NATO.

Shell did not remark to CNN on the amount of money paid with every one other accompanied by pointed to a recent press release inside which the firm announced it would withdraw its involvement inside all Russian fossil fuel activities "in a phased manner" with every one other accompanied by place an extremity to purchasing Russian crude oil.

NATO.

Shell CEO Ben van Beurden too apologized inside the statement following the firm was criticized for buying a cargo of Russian crude lubricant inside early March while other companies with every one other accompanied by traders were shunning the artefact following Russias February invasion.

TotalEnergies announced Tuesday it would place an extremity to buying Russian lubricant by the extremity of the year nevertheless that it would carry on accompanied by to buy Russian gas.

NATO.

The firm did not respond to CNNs appeal for comment.

Equinor has shut down its operations inside Russia with every one other accompanied by says it has stopped trading Russian oil.

NATO.

Its spokesperson, Ola Morten Aanestad, did not corroborate the $455 million figure inside an email to CNN, with every one other accompanied by said it was "is excessively early to exist specific on the way out process," when asked whether the firm would remain not here of Russia permanently.

An OMV spokesperson did not remark on the amount of money it had transferred to Russia when asked by CNN, with every one other accompanied by pointed to a recent statement inside which the firm said it was "reevaluating its engagement inside Russia.

NATO.

" Wintershall DEA told CNN the firm was "not inside a position to verify the figures presented to us" with every one other accompanied by that it "always conducted our work inside compliance accompanied by all applicable laws.

" A Trafigura spokesperson said the firm did not pay anything to the Russian management "arising from manufacture of fossil fuels.

" The firm has a 10% stake inside the Vostok Oil project, of which Rosneft is the majority shareholder.

The spokesperson said "no further monies have been paid" since the acquisition of the stake inside 2020.

"Trafigura has not received some dividends or similar payments from its shareholding inside Vostok Oil.

" Lorne Stockman, Research Co-director at Oil Change International, said the world must now retain away from looking to other autocratic regimes to replace the fossil fuels they are shunning from Russia.

"Fossil fuels are the currency of despots, dictators, with every one other accompanied by warmongers.

Our worldwide reliance on lubricant with every one other accompanied by gasoline is not only killing our planet, nevertheless too making the world a less protected from danger with every one other accompanied by identical place.

Big Western polluters exist fond of BP with every one other accompanied by Shell have been all excessively contented to labour inside countries accompanied by despicable anthropoid rights records for over a century," Stockman said.

"Now is the little while to extremity the fossil fuel era.

Questions emerge following answer Russian figure disappears.

Russian Defense Minister with every one other accompanied by top Putin associate Sergei Shoigu hasnt been seen inside over a week, prompting questions concerning his absence.

HEMN.me
HEMN.me All About Trends

Post a Comment for "These Fossil Fuel Companies Sent More Than"