BP to review North Sea investments following windfall tax announcement
by Alex Lawson Energy correspondent from World news | The Guardian on (#5ZP77)
Company says it will look at levy's impact after CEO previously stated no projects would be mothballed
BP has said it will review its investments in the North Sea after the government unveiled a windfall tax on oil and gas operators.
The chancellor, Rishi Sunak, laid out plans on Thursday for a 25% tax increase to taxes on North Sea energy companies, in a move that is expected to raise 5bn.
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