Martin McCluskey

Martin McCluskey

Labour — Inverclyde and Renfrewshire West

Speaking in the House of Commons on 24 March 2026

Debate

Oil and Gas

Contribution

The hon. Lady will know that this is a windfall tax on windfall profits. If there are no windfall profits, there will not be a windfall tax. The motion calls for an end to the ban on oil and gas licensing. The Government have been clear that we will support the management of existing fields for their lifespan. That is why we have committed to introducing transitional energy certificates, which will enable some offshore oil and gas production in areas adjacent to already licensed fields linked via a tieback or in areas that are already part of an existing field. New licences to explore new fields would make no material difference to overall production and would run contrary to the science on tackling the climate crisis.

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