Our Managing Partner Fergus Mutch spoke to the Financial Times Weekend for this article on the politics of energy and windfall taxes.
Chancellor Jeremy Hunt used his Budget last week to extend the Energy Profits Levy by a year, in spite of opposition from his Scottish colleagues. Does this now open the door for the SNP to regain the ground it has lost with industry over its presumption against new oil and gas?
“There’s a genuinely ripe constituency for the picking,” Fergus said, “if a party is willing to say: ‘max out domestic production while we still need oil and gas, sustain the jobs that depend on it, and target the revenues generated on the transition’.”
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