North Sea oil and gas industry urges UK to scrap windfall tax by 2027

Britain's offshore energy sector is calling on the Labour government to end its three-year windfall tax on fossil fuel profits early, citing rising winter energy bills and arguing for a narrower levy triggered only during price spikes.

First covered Sep 15, 2026 · 1:00 AM PT · 1 article · no longer in the live window

North Sea oil and gas industry urges UK to scrap windfall tax by 2027 — Image via theguardian.com

Coverage

11d Guardian Environment Scrap windfall tax on oil and gas firms early, North Sea industry urges — Labour should replace levy in 2027 rather than 2030 as energy bills are poised to surge over the winter, says lobby group The North Sea oil and gas industry…

More coverage from around the web

edie.net Rachel Reeves signals 2027 end for North Sea windfall tax

energylivenews.com Labour urged to introduce oil and gas levy in 2027 - Energy Live News

energyvoice.com UK government discussing early end to North Sea windfall tax

finance.yahoo.com UK Oil and Gas Group Says Earlier Tax Shift Could Raise £14.9 Billion

oilprice.com UK Oil and Gas Group Says Earlier Tax Shift Could Raise £14.9 Billion | OilPrice.com

Appeared in: 2026-09-16 (#15)

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