Energy (Oil and Gas) Profits Levy Bill: Clause 1 - Charge to tax (11 Jul 2022)

Caroline Lucas: The hon. Gentleman puts it perfectly succinctly and I very much agree. It has been estimated that existing decommissioning relief deeds could enable the extraction of the equivalent of 1.7 billion barrels of oil that otherwise would have remained unextracted, and that will only increase if we continue with the vicious cycle of handsomely subsidising fossil fuel companies to exploit oil and...

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