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Oil & Gas / North Sea

Harbour Energy urges Chancellor to revise ‘seriously flawed’ windfall tax ahead of legislation

Harbour Energy (LON: HBR)  has issued a letter to Chancellor Rishi Sunak, it has been reported, slamming the “seriously flawed” windfall tax.
By Allister Thomas
20/06/2022, 7:39 am Updated: 20/06/2022, 12:59 pm
Photo of Allister Thomas
© PArishi sunak aberdeen
Chancellor Rishi Sunak will meet oil bosses in Aberdeen tomorrow.

Harbour Energy (LON: HBR)  has issued a letter to Chancellor Rishi Sunak, it has been reported, slamming the “seriously flawed” windfall tax.

The Guardian reports that Harbour Energy CEO Linda Cook sent the document calling on the Chancellor to urgently revise proposals for the levy, ahead of the government hoping for draft legislation in early July.

She also asked the Chancellor to implement a sunset clause of 2023, rather than 2025 as previously mooted by Sunak.

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