Article 60PKM Sunak urges banks to keep funding oil and gas firms after windfall tax

Sunak urges banks to keep funding oil and gas firms after windfall tax

by
Alex Lawson Energy correspondent
from Environment | The Guardian on (#60PKM)

Sector says 5bn energy profits levy will make investment in new projects and renewables more difficult

Rishi Sunak has asked Britain's biggest banks to keep the money taps flowing to the oil and gas sector after slapping it with a windfall tax.

In a bruising meeting in Aberdeen on Thursday, the chancellor told oil and gas executives he is trying to ensure investment in their businesses is not curtailed.

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