Shell says windfall tax ‘creates uncertainty’ about North Sea oil and gas investment

Shell says windfall tax ‘creates uncertainty’ about North Sea oil and gas investment

Shell has said the chancellor's windfall tax "creates uncertainty" about investing in oil and gas in the North Sea.

A Shell spokesperson said: "We understand the worry for millions of people about how high energy costs are challenging their household budgets - and the need for support to help make ends meet.

"But at the same time, we must sustain investment in securing supplies of oil and gas the UK needs today, while allocating future spend for the low carbon energies we want to build for the future.