The Tax that North Sea Business Leaders Are Demanding Is Scrapped in Letter to Sir Keir Starmer

The tax that North Sea business leaders are demanding is scrapped in letter to Sir Keir Starmer

Open letter with more than 2,500 signatories warns there is a ‘grave risk’ of world-leading skills being lost

Thousands plead with Starmer to save North Sea jobs

An open letter to Prime Minister Sir Keir Starmer has been signed by thousands warning that Aberdeen’s energy skills base is at risk of being lost forever. Over 2,500 people have called for an immediate end to the punitive North Sea windfall tax to save jobs.

Aberdeen energy workers at risk of losing jobs demand end of windfall tax

More than 2,500 people including dozens of energy workers who face losing their jobs at Harbour Energy demand an end to the windfall tax.

Stifel: Windfall tax 'destroying' North Sea oil and threatening growth

The so-called windfall tax was implemented in May 2022 in response to soaring energy prices in the wake of Russia's invasion of Ukraine.

Year Three: How the UK’s Windfall Tax Continues to Harm North Sea Energy Production

On the third anniversary of the implementation of the UK’s windfall tax, formerly known as the Energy Profits Levy (EPL), Energy in Depth examines the mounting challenges faced by the North Sea oil and gas sector as the tax burden continues to rise.  First introduced in May 2022 at 25 percent, the levy has since been toughened, with an initial increase to 35 percent under the previous Conservative government in November 2022. It has now been inc…