plans after the windfall tax was raised to 35% from 25% this month to help plug Britain's fiscal hole.overall tax rate to 75%"For 2023 alone, our investments will be cut by 25%," Jean Luc Guiziou said in a statement, first reported by Energy Voice.
TotalEnergies, the British North Sea's second-biggest oil and gas producer according to Woodmac data, had originally planned to spend 400 million pounds in the British North Sea next year, a spokesperson said.Guiziou said in its current form without a mechanism to reflect any falls in oil and gas prices, the windfall tax will particularly affect short-term investments such as infill wells near existing production.
MrHarryCole Boycot TotalEnergies for being fair weather partners
MrHarryCole Now who could have foreseen that coming?
🤣🤣🤣😂😂🤣😂🤣😂🤣😂
Shock horror. Next you will be saying we could face energy outages.
Greed is good