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Britain Reconsiders 78% North Sea Oil Tax As Investment Slows
Britain Reconsiders 78% North Sea Oil Tax As Investment Slows Authored by Julianne Geiger via OilPrice.com, The UK may be quietly inching toward an awkward admission: the windfall tax experiment on oil and gas has been a flop. The Treasury is holding talks with North Sea oil and gas producers about potentially scrapping the Energy Profits Levy before its scheduled 2030 expiry, according to people familiar with the discussions. After multiple extensions and rate hikes, the lev...
3 Mar, 08:30 — 3 Mar, 08:30
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