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North Sea oil and gas industry offered ‘get-out’ clause on windfall tax

Upworthy Friday, 9 June 2023
Jeremy Hunt has offered the North Sea oil and gas industry a ‘get-out’ clause from the windfall tax on fossil fuel profits if wholesale energy market prices fall back to normal levels. The chancellor hopes to boost investment in the North Sea by agreeing to suspend the windfall tax on oil profits…

#jeremyhunt #northsea #treasury #bp #labour #garethdaviesmp #davies
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