More Pain for UK Oil and Gas: British Government Extends Windfall Tax In Yet Another Blow To UK’s Homegrown Energy Industry
Last Wednesday, UK Chancellor of the Exchequer Jeremy Hunt announced that the windfall tax on UK oil and gas firms will remain in place for another five years, until March 2029. The levy, which has already driven away investment and reduced production in the North Sea, was previously set to end in 2028. As EID
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