North Sea’s biggest energy producer claims UK windfall tax ‘wiped out’ surge in profit

North Sea’s biggest energy producer claims UK windfall tax ‘wiped out’ surge in profit

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The North Sea’s biggest producer has hit out at the windfall tax on oil and gas companies after claiming a near 700% surge in profits to $2.5bn (£2.1bn) was “all but wiped out” by the levy. Harbour Energy said on Thursday its pre-tax profits had risen sharply from $315m in 2021 to $2.5bn in 2022,…

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