questionText: To ask the Chancellor of the Exchequer, if she will make it her policy to (a) end funding for the Ring Fence Expenditure Supplement for oil and gas companies and (b) redirect any savings to international climate finance.
answerText: Ring Fence Expenditure Supplement (RFES) maintains the time value of oil and gas exploration, appraisal and development costs. This recognises that oil and gas projects have high costs before production begins, but no production income to set these costs ...
heading: Offshore Industry: Finance