Your £5 billion tax increase will drive energy investors out of the UK, Offshore Energies UK tells ministers as new Energy Profits Levy becomes law
New laws imposing £5 billion of new taxes on the UK’s offshore oil and gas operators risk driving away investors and undermining the nation’s future energy supplies, the industry’s leading trade body has warned. The Energy Profits Levy Bill, which yesterday (Wednesday) passed its final stages in the House of Lords, risks starving crucial North […]