The UK’s oil and gas industry should have taken the chance to invest in new projects instead of fighting the windfall tax, the boss of a North Sea oil and gas producer has said.
- Jan 31, 2023, 12:30 PM CST
But the company is still looking for an investor to back the project – despite the investment relief in the windfall tax. “They really focused on trying to push back on the [Energy Profits Levy] rather than take advantage of the opportunities,” said Steve Brown, chief executive of Orcadian Energy.
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