BP to rethink its UK strategy after new windfall oil and gas tax is announced

BP said Friday that it will re-examine its plans in the UK, raising questions about whether a £5 billion windfall tax on oil and gas profits announced by the government included enough incentives to preserve investment.

BP to rethink its UK strategy after new windfall oil and gas tax is announced BP to rethink its UK strategy after new windfall oil and gas tax is announced BP to rethink its UK strategy after new windfall oil and gas tax is announced BP to rethink its UK strategy after new windfall oil and gas tax is announced BP to rethink its UK strategy after new windfall oil and gas tax is announced

Shell chief Ben van Beudren

A Bloomberg report said the statement opens up the possibility of reversal by the company, which previously said that planned investments of £18 billion in the country by 2030 weren't contingent

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