UK’s Labour Party plans to impose a reported £11bn windfall tax on oil companies, and to delist from the London Stock Exchange those companies that don’t help with climate change, its general election 2019 manifesto launched Thursday reveals.
“We will introduce a windfall tax on oil companies so that the companies that knowingly damaged our climate will help cover the costs,” the manifesto reads.
In a statement released after the launch of the manifesto, Labour said: “It is only right that the big oil and gas corporations should pay for the necessary transition from the North Sea oil and gas production, rather than enjoying windfall profits that do not reflect the true cost of their activities.
Brazil Energy Insight 
Leave a comment