Bumper Profits Are Sparking A Backlash Against Big Oil

International oil companies - many of which are reinventing themselves as energy firms in order to remain relevant during a global energy transition - now face growing pressure from climate campaigners and politicians to pay for their multi-year-high profits and cash flows with more taxes.  The rallying oil and gas prices in 2021 helped Big Oil to post the biggest earnings and cash flows in at least seven years. But environmentalists and opposition politicians in the UK - home to BP and Shell and a key operations base for TotalEnergies - want…