Oil and Gas Firms Hold Crisis Talks Over UK Windfall Tax Plan

Major oil and gas firms are set to hold crisis talks this week to discuss concerns about Labour’s windfall tax plans for the sector. Industry body Offshore Energy UK (OEUK) will host the meetings, which will take place on Tuesday and Thursday. “We remain deeply concerned about what Labour’s proposals could do to our people. If we can’t get companies to invest here, there are no jobs. It’s that simple,” David Whitehouse, the head of OEUK, said. The organization warned that up to 42,000 jobs could be lost in the…