News / News at Six

Oil and gas firms blame windfall tax for lack of investment

The UK Government defended the policy saying it's helped families with rising energy bills

28th Mar 2023

To other news now – and the boss of oil industry body OEUK says investment is leaving the North Sea at a pace that is concerning him.

Dave Whitehouse made the comments as a survey of oil companies showed that 90% are cutting back on investment, with the windfall tax heavily blamed.

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