questionText: To ask the Chancellor of the Exchequer, with reference to the Written Ministerial Statement of 12 June 2023 on Energy tax update, HCWS845, what assessment he has made of the potential impact of the oil and gas energy profits levy on the ability of oil and gas companies to access funding.
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