The boss of Enquest has slammed the windfall tax on oil and gas firms as doing “irreversible damage” to the industry and ...

The windfall tax on oil and gas companies will increase in November, and will remain in place until March 2030. The levy was introduced as a response to soaring energy company profits, and was ...

An oil company executive argues that the UK's windfall tax on energy profits is causing irreversible damage to the North Sea ...

The windfall tax on oil and gas firms will be scrapped if prices fall to normal levels for a sustained period, the government has announced. Halting the windfall tax would cut the overall tax rate ...

In the European Union, a temporary windfall tax was approved in September to curb fossil fuel companies' surplus profits made in 2022 or 2023, as well as a levy on excess revenues that low-cost ...

But Biden stopped short of explicitly calling for a “windfall tax” on excess oil company profits as other countries have implemented as Russia’s invasion of Ukraine has driven up energy prices.

“Labour would bring in a proper windfall tax on oil and gas giants to help tackle the cost-of-living crisis, alongside our plan to make Britain a clean energy superpower so we can lower bills ...