Oil firms warn of ‘grave concern’ over windfall tax

Today 42 firms in the supply chain have written an open letter to the UK Government.

A group of firms, are warning of their “grave concern”, around plans to increase the windfall tax, and have told the UK Government, “time is running out”, to prevent investment from being pulled.

More than 40 oil and gas supply chain businesses, have written an open letter, ahead of the proposed changes to the tax in November.

But the Government says changes to the tax, will ensure firms contribute their fair share, towards our energy transition.

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