The government is weighing up plans to bring in a price floor for the windfall tax amid fears Equinor could pull out of the proposed Rosebank oil and gas project, City A.M. understands. The Norwegian energy giant is concerned about the lack of stability in the tax regime compared to its home market, which has higher taxes but an established investment allowance and a calmer political climate.
Rosebank is an oil and gas field 130km off the coast of the Shetland Isles, and is 80 per cent owned by Equinor – with the remaining 20 per…UK Considers Easing Windfall Tax Pressure On Oil And Gas
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