1 of 1
Story summary
- Campaigners warn scrapping the UK windfall tax could cost the Treasury up to £8.6 billion by 2030.
- Energy firms urge the UK government to introduce an oil and gas revenue levy before 2030.
- Global Witness analysis says the new levy would raise £8.6 billion less than the current tax at $100/barrel.
- Offshore Energies UK (OEUK) says a levy from Jan 2027 would raise £14.9 billion and unlock £50 billion capital for 111 projects.
