North Sea Oil Producer Slams The UK’s Windfall Tax Via OilPrice.com, The chief executive of Enquest criticizes the UK’s Energy Profits Levy, claiming it is doing “irreversible damage” to the oil and gas industry and discouraging investment. Due to the heavy tax burden, the company is planning a “disciplined approach” to investment and expects to pay a significant amount in windfall tax in June 2025. Enquest argues that the UK is the only country levying a windfall tax on its domestic energy producers where no windfall profits exist, further impacting competitiveness. The boss of Enquest has slammed the windfall tax… — Continue at ZeroHedge News : Read More
