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Top UK Oil, Gas Producer Asks Sunak for Windfall-Tax Rethink (1)

June 20, 2022, 3:31 PM

The UK’s largest oil and gas producer wrote to Chancellor of the Exchequer Rishi Sunak asking for a rethink of his £5 billion windfall tax on the industry.

Harbour Energy Plc Chief Executive Officer Linda Cook told Sunak in the letter that the Energy Profits Levy announced last month disproportionately affects independent oil and gas companies, rather than global majors such as BP Plc and Shell Plc.

“The four largest independent UK producers, including Harbour, are forecast to deliver over 440,000 barrels of oil equivalent a day this year,” Cook wrote in the letter seen by Bloomberg News. “We ...