Windfall Tax Would Deter North Sea Investment: U.K. Spokesman

Oil and gas still have a “key role” to play in the U.K. energy mix as the country moves to net zero emissions by 2050, Prime Minister Boris Johnson’s spokesman, Max Blain, tells reporters in London on Monday.

• Blain says he’s “not aware” of any change in position on a windfall tax for oil and gas companies
• Blain: “The chancellor talked about some of this last week: the impact of a windfall tax will be to deter investment in the North Sea, which we still need to see, to protect energy security and jobs”
• Blain, asked about BP profits: ...