Shell says windfall tax could hit Green investments – The National

Shell says windfall tax could hit Green investments – The National

Energy company Shell said that the UK’s windfall tax makes investment in North Sea oil and gas more uncertain.

The government's move aims to raise £5 billion a year and will last as long as energy prices remain high.

UK Chancellor Rishi Sunak announced the tax on Thursday as part of a £15bn package of measures to help people cope with the rising cost of living.