Santos profit rises three-fold amid energy insecurity as calls for windfall tax intensify

Greens say 300% increase in profits shows Australia is being taken for a ride' while other activists claim company is burning our long-term future'

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Australian oil and gas company Santos has reaped the gains of energy instability across the globe to post a huge profit increase in the first half of the year, prompting renewed calls for a windfall profits tax to be imposed on fossil fuel producers.

The energy giant on Wednesday reported record production, earnings and cashflow and a 300% increase in its underlying profit in the six months to 30 June.

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