UK North Sea operators push back against windfall tax hike

Industry warns additional 10% levy on profits would quash project investment and delay energy transition

Taxing times: UK Chancellor of the Exchequer Jeremy Hunt. — Taxing times: UK Chancellor of the Exchequer Jeremy Hunt.Photo: REUTERS/SCANPIX

Russell McCulley

London

Rishi Sunak Jeremy Hunt Offshore Energies UK (OEUK)Shell Equinor

Published 15 November 2022, 09:42Updated 15 November 2022, 15:53