Reports: Oil and gas firms under pressure to boost UK investment or face windfall tax

Cecilia Keating
clock • 3 min read
Oil and gas firms have enjoyed bumper profits as oil and gas prices have soared | Credit: iStock
Image:

Oil and gas firms have enjoyed bumper profits as oil and gas prices have soared | Credit: iStock

Reports indicate Chancellor Rishi Sunak has not entirely ruled out windfall tax, as pressure mounts on government to offer more help for households struggling with soaring energy bills

North Sea oil and gas firms are facing growing pressure from the Treasury to increase their investment commitments in the UK or face the threat of a 'windfall' tax on the vast profits they have reaped...

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