Former BP CEO Lord Browne says windfall tax is ‘justifiable’

Former BP CEO Lord Browne says windfall tax is ‘justifiable’

Calls for a North Sea windfall tax “are justifiable” according to the former CEO of oil giant BP, Lord John Browne.

Labour is calling for a specific levy on the North Sea oil and gas sector in light of huge profits in order to help households with rising energy costs.

Chancellor Rishi Sunak will deliver his budget statement this week, but has been clear that he doesn’t favour such a levy.