BP chief says windfall tax could deter investment above planned £18 billion

Chief executive Bernard Looney insists current spending plans are 'not contingent' but suggests surprise levy could 'challenge' further investment

Taxing times: Bernard Looney, chief executive of BP, which held its AGM on Thursday — Taxing times: Bernard Looney, chief executive of BP, which held its AGM on ThursdayPhoto: AFP/SCANPIX

Rob Watts

London

BP Bernard Looney Boris Johnson Rishi Sunak United Kingdom

Published 12 May 2022, 15:40Updated 12 May 2022, 15:44