Soaring gas prices and bumper annual profits for BP have sparked calls for a windfall tax on oil majors operating in the UK. While the company continues to maintain its slogan of “performing while transforming,” all a windfall tax would do is provide short-term relief for billpayers. In the long-term it would leave them exposed to more fossil fuels and higher prices, if companies like BP are unable to fund increasingly ambitious transition strategies. For 2021, BP reported a profit of $12.8 billion, with around one-third of this coming from boosted oil and gas production in the final quarter of the year. The figure came in at a higher level than expected, although gains were partially offset by reduced income…