Shell: ‘We understand worry for millions – but windfall tax creates uncertainty’

Shell: ‘We understand worry for millions – but windfall tax creates uncertainty’

City A.M.

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Shell has slammed the government’s windfall tax, saying while it “understands the worry for million” about the cost of living it will creates “uncertainty” about investment. This follows Chancellor Rishi Sunak announcing a so-called Energy Profits Levy, a 25 per cent surcharge on North Sea oil and gas sector profits, which could last for up [...]

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