News Formal

Windfall tax 'under review' as energy companies rake in an extra £12bn

  • 📰 The Telegraph
  • ⏱ Reading Time:
  • 1 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 4%
  • Publisher: 63%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

🔴 George Eustice, the Environment Secretary, said energy firms were paying enough tax “for now” but said the matter would be kept “under review”

Oil and gas companies are expected to reap nearly £12bn in extra profits amid the surge in energy prices following Russia's invasion of Ukraine as ministers refuse to rule out a windfall tax.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 41. in ZA

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Analysis: Why the case for a windfall tax on oil company profits is growing strongerBP and others stand to benefit from high prices, even as they face large costs from exiting Russia, writes Ben Chapman
Source: The Independent - 🏆 57. / 63 Read more »