questionText: To ask the Chancellor of the Exchequer, if she will make an estimate of how much tax relief oil producers will receive for the development of the Rosebank oil field via the North Sea Investment Allowance; and what steps she is taking to ensure this funding scheme aligns with the Government's net-zero commitments.
answerText: The government’s fiscal approach in relation to the upstream oil and gas sector balances attracting investment with ensuring a fair return for the nation in exchange for the use of its resources. In last year’s Autumn Budget, the government increased the ...
heading: North Sea Oil: Tax Allowances