Category: Oil and gas companies

BP declines to reveal how much ‘loophole’ saved it in windfall tax

MPs hear concerns that investment in North Sea oil and gas reduces the tax, effectively rewarding fossil fuels over renewables BP declined to reveal how much windfall tax it would have paid without an investment “loophole” when being questioned by MPs …

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Chancellor extends energy windfall tax to ‘low carbon’ generators

Jeremy Hunt proposes to raise £14bn by also raising levy to 35% and extending it by two yearsPolitics live – latest news and reaction on UK budget plansAutumn statement 2022: key points at a glanceJeremy Hunt hopes to raise £14bn next year after increa…

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Windfall tax must change in face of ‘excessive’ oil profits, Alok Sharma says

Exclusive: Outgoing head of climate talks says UK needs to encourage investment in renewables, not fossil fuelsThe UK’s windfall tax on oil and gas profits must be changed to raise billions more and to stop companies using loopholes to invest in furthe…

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Windfall tax must change in face of ‘excessive’ oil profits, Alok Sharma says

Exclusive: Outgoing head of climate talks says UK needs to encourage investment in renewables, not fossil fuelsThe UK’s windfall tax on oil and gas profits must be changed to raise billions more and to stop companies using loopholes to invest in furthe…

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