POLICY

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.

Tim Daiss
Shell chief Ben van Beudren

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 on whether...

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A growing series of reports, each focused on a key discussion point for the energy sector, brought to you by the Energy News Bulletin Intelligence team.

A growing series of reports, each focused on a key discussion point for the energy sector, brought to you by the Energy News Bulletin Intelligence team.

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