MARKETS

UK considering price floor on windfall tax

THE UK government is considering introducing a price floor for its windfall tax, to ensure Equinor remains committed to developing the offshore Rosebank oil and gas field on the Continental Shelf.

Image - Unsplash

Image - Unsplash

According to City AM, the Norwegian oil company is considering abandoning the 500 million barrel development over commerciality concerns. An Equinor spokesperson told City AM it needed a guarantee...

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