DT item about WFT25 Jul 2022 22:03
Apologies if this has already been posted.....report in the telegraph which may be of interest...
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Business Secretary Kwasi Kwarteng will meet with North Sea oil and gas producers tomorrow to discuss the government’s windfall tax.
The roundtable discussion will be attended by executives of North Sea-focused firms such as Harbour Energy and Neptune Energy, but not the international oil majors, Bloomberg reported.
The talks come in response to the government’s Energy Profits Levy, which was passed into law earlier this month increases taxation on oil and gas profits by 25pc. Independent producers have said that the tax will disproportionately affect them compared to major oil companies, some of which have been posting record profits thanks to soaring energy prices.