questionText: To ask the Chancellor of the Exchequer, whether she plans to increase taxes on oil and gas companies to help fund investment in (a) clean energy, (b) home insulation and (c) other climate measures.
answerText: The oil and gas industry is currently subject to a headline tax rate of 78%, which includes the 38% Energy Profits Levy, following reforms announced by the government at Autumn Budget 2024. At the Autumn Budget 2024, the Government announced it would incr...
heading: Offshore Industry: Taxation