Here is what the page “North Sea Industry Urges Labour to Scrap Windfall Tax Early: Key Shift by 2027 Amid Soarin” contains. The North Sea oil and gas sector, represented by Offshore Energies UK (OEUK), is calling on the UK’s incoming Labour government to eliminate the current wi... The Guardian WorldSep 15, 2026 • 8:00 AM1 views The North Sea oil and gas sector, represented by Offshore Energies UK (OEUK), is calling on the UK’s incoming Labour government to eliminate the current windfall tax on fossil fuel companies three years ahead of schedule—by 2027 instead of 2030.
With energy bills projected to hit their highest levels since Russia’s invasion of Ukraine this winter, OEUK argues that the existing levy, which targets profits from high oil and gas prices, undermines investment in critical offshore infrastructure. The group proposes replacing it with a more targeted, temporary tax that only applies during extreme price spikes, aiming to balance fiscal fairness with energy security. This listing links straight to the original page, where the content is available in full.