Calendar An icon of a desk calendar. Cancel An icon of a circle with a diagonal line across. Caret An icon of a block arrow pointing to the right. Email An icon of a paper envelope. Facebook An icon of the Facebook "f" mark. Google An icon of the Google "G" mark. Linked In An icon of the Linked In "in" mark. Logout An icon representing logout. Profile An icon that resembles human head and shoulders. Telephone An icon of a traditional telephone receiver. Tick An icon of a tick mark. Is Public An icon of a human eye and eyelashes. Is Not Public An icon of a human eye and eyelashes with a diagonal line through it. Pause Icon A two-lined pause icon for stopping interactions. Quote Mark A opening quote mark. Quote Mark A closing quote mark. Arrow An icon of an arrow. Folder An icon of a paper folder. Breaking An icon of an exclamation mark on a circular background. Camera An icon of a digital camera. Caret An icon of a caret arrow. Clock An icon of a clock face. Close An icon of the an X shape. Close Icon An icon used to represent where to interact to collapse or dismiss a component Comment An icon of a speech bubble. Comments An icon of a speech bubble, denoting user comments. Comments An icon of a speech bubble, denoting user comments. Ellipsis An icon of 3 horizontal dots. Envelope An icon of a paper envelope. Facebook An icon of a facebook f logo. Camera An icon of a digital camera. Home An icon of a house. Instagram An icon of the Instagram logo. LinkedIn An icon of the LinkedIn logo. Magnifying Glass An icon of a magnifying glass. Search Icon A magnifying glass icon that is used to represent the function of searching. Menu An icon of 3 horizontal lines. Hamburger Menu Icon An icon used to represent a collapsed menu. Next An icon of an arrow pointing to the right. Notice An explanation mark centred inside a circle. Previous An icon of an arrow pointing to the left. Rating An icon of a star. Tag An icon of a tag. Twitter An icon of the Twitter logo. Video Camera An icon of a video camera shape. Speech Bubble Icon A icon displaying a speech bubble WhatsApp An icon of the WhatsApp logo. Information An icon of an information logo. Plus A mathematical 'plus' symbol. Duration An icon indicating Time. Success Tick An icon of a green tick. Success Tick Timeout An icon of a greyed out success tick. Loading Spinner An icon of a loading spinner. Facebook Messenger An icon of the facebook messenger app logo. Facebook An icon of a facebook f logo. Facebook Messenger An icon of the Twitter app logo. LinkedIn An icon of the LinkedIn logo. WhatsApp Messenger An icon of the Whatsapp messenger app logo. Email An icon of an mail envelope. Copy link A decentered black square over a white square.

Rishi Sunak told to order ‘proper windfall tax’ on oil and gas as industry meets in Aberdeen

Ian Blackford.
Ian Blackford confronted the prime minister on oil taxes. Image: PA.

The prime minister has been urged to impose a greater squeeze on oil and gas profits to offset the cost of living crisis, as industry leaders met for a “summit” on the shift to renewables.

SNP Westminster chief Ian Blackford confronted Rishi Sunak in the Commons days after it emerged BP made £7.1 billion in profit this summer.

It has been reported Mr Sunak and Chancellor Jeremy Hunt are considering raising the windfall tax to plug a massive budget blackhole and generate £40 billion for the Treasury over five years.

Dozens of industry leaders, staff and union reps met Scottish Government figures in Aberdeen on Wednesday, just as Mr Blackford was demanding higher levies.

The meeting was arranged after concerns about gaps in plans to move away from fossil fuel reliance in the north-east and beyond.

In Westminster, Mr Blackford challenged the prime minister to use offshore profits to fund struggling households.

‘Difficult decisions’

“The Prime Minister keeps telling us that difficult decisions need to be made, but austerity 2.0 is not a difficult decision,” he said.

“It is what it has always been – a Tory political choice to hit the poorest hardest.

“In the week that BP saw quarter profits of 7.1 billion, why not take the easier decision to bring in a proper windfall tax?”

Mr Sunak drew on his former role at the Treasury and claimed oil and gas cash is a “point of difference” between Conservatives and the SNP.

New leader Rishi Sunak was making his second appearance at PMQs. Image: Shutterstock.

The Prime Minister added: “As chancellor, I introduced a new levy on oil and gas companies because I believed that was the right thing to do, but where we will always differ is we believe our North Sea producers do have an important role to play in our transition to net zero.”

Earlier, SNP government minister Richard Lochhead told the Press & Journal oil workers do not have to fear the taps being turned off in the shift to renewable sources.

But he warned the region cannot rely on oil forever.

Earlier this year, Aberdeenshire East MSP Gillian Martin revealed local concerns about moves away from the high-value oil and gas industry.

In Aberdeen, SNP energy secretary Michael Matheson took the lead with industry figures.

At the SNP’s national conference in Aberdeen last month, the first minister said she wants the city to be a global renewables capital.

The Scottish Government has committed £500 million to support projects in the north-east which will boost clean energy.

Oil and gas jobs in Scotland: Where are they and what next for the industry?