Oil giant TotalEnergies to cut North Sea investment over windfall tax

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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.

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