questionText: To ask the Chancellor of the Exchequer, if he will make an assessment of the potential impact of the oil and gas energy profits levy on the ability of oilfield developers to access funding to develop potential future oilfields that would be created as a result of provisions in the Offshore Petroleum Licensing Bill.
answerText: The Energy Profits Levy (EPL) was introduced on 26 May 2022 to respond to exceptionally high prices that meant oil and gas companies were benefiting from unexpectedly high profits. The EPL balances ensuring the oil and gas sector pays its fair share while...
heading: Oil and Natural Gas: Finance