Kemi Badenoch calls for 'windfall tax' to be scrapped as oil and gas prices jump

Michael Holder
clock • 7 min read
Credit: iStock
Image:

Credit: iStock

Tory leader drops backing for tax introduced under the last Conservative government and calls for new oil and gas licenses to be issued

Kemi Badenoch has called for the UK's 'windfall tax' on oil and gas profits to be scrapped and for Labour's plan to halt the issuance of new drilling licences to be dropped, arguing the Labour government's...

To continue reading this article...

Join BusinessGreen

In just a few clicks you can start your free BusinessGreen Lite membership for 12 months, providing you access to:

  • Three complimentary articles per month covering the latest real-time news, analysis, and opinion from Europe’s leading source of information on the Green economy and business
  • Receive important and breaking news stories via our daily news alert
  • Our weekly newsletter with the best of the week’s green business news and analysis

Join now

 

Already a BusinessGreen member?

Login

Michael Holder
Author spotlight

Michael Holder

Editor

View profile
More from Michael Holder

CCUS: Report warns carbon capture projects still face challenging 'financing gap'

Can Scotland learn from past mistakes to deliver a 'just transition' for its industrial base?

More on Politics

If the government wants to unleash clean energy, it should learn from the Tories
Politics

If the government wants to unleash clean energy, it should learn from the Tories

Expanding freeports with designated clean energy zones and offering up more Permitted Development Rights to renewables could help accelerate the UK energy transition, writes Elinor Bale from the Conservative Environment Network (CEN)

Elinor Bale, Conservative Environment Network (CEN)
clock 19 February 2026 • 4 min read
UN Climate Chief: Climate action can deliver stability in face of 'new world disorder'
Politics

UN Climate Chief: Climate action can deliver stability in face of 'new world disorder'

Simon Stiell stresses climate action is 'indisputably' in every nation's self-interest, as he warns those shirking leadership are gifting a 'goldmine' to rivals

Stuart Stone
Stuart Stone
clock 12 February 2026 • 4 min read
The Munich Security Conference's uncomfortable truth: Fossil fuels are now a security risk
Politics

The Munich Security Conference's uncomfortable truth: Fossil fuels are now a security risk

At Munich world leaders will talk about defence readiness, economic resilience and strategic autonomy, but energy and climate change should be understood as central to all three, writes We Mean Business Coalition CEO María Mendiluce

María Mendiluce, We Mean Business Coalition
clock 12 February 2026 • 4 min read