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in its latest operating profits, with soaring parts inflation hitting the bottom line. let s focus on the main business stories. president biden who has accused oil and gas companies of war profiteering and threatened them with a windfall tax. in the uk the focus will be on the oil giant bp. last week shell reported is second highest quarterly profit on record but it was not required to pay the uk windfall tax on energy firms due to making large investments in the uk. oil and gas prices began to rise and a surge since february after russia s invasion on ukraine resulting in bump up profits. let s get the numbers out of the way. paul, what is bp expected to say today? it is auoin bp expected to say today? it is going to save bp expected to say today? it 3 going to save profits are going to be strong but unlike the previous quarter, it would not be the triple digit we saw last summer and that would be reflected. in summer and that would be reflected- reflected. in term ....
Security supply perspective but when prices are so high in the uk, from an economic perspective, it makes common sense for people to think about how they can reduce the energy consumption. t how they can reduce the energy consumption- consumption. i think it is important consumption. i think it is important to consumption. i think it is important to be - consumption. i think it is important to be honest l consumption. i think it is i important to be honest with people about what to expect this winter. the backup plan is coalin this winter. the backup plan is coal in the first instance and then asking people to turn to make use less at big time and then selective blackout on a rolling basis. is that how it is going to work? is going to work? let s be clear, baseline is going to work? let s be | clear, baseline assumption is going to work? let s be . clear, baseline assumption is that there is enough generation to meet the demand. that is what we are expecting to happen in this w ....