Oil giant TotalEnergies to cut North Sea investment over windfall tax
France’s TotalEnergies says it will reduce investment after the decision to extend the windfall levy. …
“We have been clear that we want to encourage reinvestment of the sector’s profits to support the economy, jobs, and our energy security, which is why the more investment a firm makes into the UK, the less tax they will pay,” a Treasury spokesperson said.
About The Author
