North Sea oil and gas industry urges Labour to scrap windfall tax early
Offshore Energies UK calls for the levy to be replaced in 2027 rather than 2030, citing expected winter energy bill increases.
The North Sea oil and gas industry has called on Labour to scrap the windfall tax on fossil fuel firms three years early, as Britain heads into a winter with energy bills expected to reach their highest level since Russia's invasion of Ukraine, according to Offshore Energies UK (OEUK), the industry's trade body.
OEUK wants the tax replaced in 2027 rather than 2030, with a narrower levy that only applies during price spikes.
Sources
- Scrap windfall tax on oil and gas firms early, North Sea industry urges — The Guardian — World
EGazette summarizes reporting from multiple sources; follow the links for the originals.
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