“What discussions he has had with Cabinet colleagues on the potential impact of the Energy Profits Levy on the oil and gas sector in Scotland.”
Asked by
Gregory Stafford
Answering Minister
the Secretary of State for Scotland
Answer from Hansard
The Secretary of State for Scotland (Mr Douglas Alexander)
First, I respectfully remind the hon. Gentleman that it was the Conservatives who brought in the energy profits levy in 2022. Oil and gas will be a central part of the energy mix in the UK for decades to come, but it is also right to recognise that there is a transition that needs to be managed and there was an abject failure by the previous Government to manage that transition. The Chancellor confirmed at the Budget that we are ending the EPL on 31 March 2030.