Centrica’s Profits Prove Our Energy System Is Built for Shareholders

British Gas’s parent company Centrica announced today that it made its highest-ever profits in 2022: an “obscene” £3.3bn, more than three times as much as the previous year. It also announced its biggest round of shareholder payouts since the pandemic, as yields on Centrica’s shares reached a historic high of over 5%. Last week, BP also announced [...]