Political uncertainty and windfall taxes are driving away necessary investments to maintain North Sea oil and gas production, a report has warned

The Environmental Audit Committee has said the UK needs a national ‘war effort’ mobilisation to transition away from fossil fuels

Oil and gas majors are expected to share their concerns over the government’s decision to increase the windfall tax

Campaigners have said that Sunak is like “a runner failing to turn up with the baton at a crucial stage of the relay”

Liz Truss has reiterated her opposition to a potential extension of a windfall tax on energy companies’ profits

New Prime Minster says she will prioritise tackling the cost of living crisis and lowering energy bills

Fracking firms may be able to claim even more tax relief than offshore oil and gas firms, according to a report

The energy giant has said the levy “creates uncertainty”

The Prime Minister has said the UK has “failed for a generation” in securing enough long-term energy supply

The government has been criticised over lack of commitment to the oil and gas industry’s future