Oral Question·Department for Energy Security and Net Zero
“Whether he has had discussions with the Chancellor of the Exchequer on global taxes on oil and gas companies in the context of the proposed UN Framework Convention on International Tax Cooperation.”
Tabled: 18 March 2026Answered: 24 March 2026
Asked by
Iqbal Mohamed
Independent — Dewsbury and Batley
Answering Minister
the Secretary of State for Energy Security and Net Zero
Answer from Hansard
The Minister for Energy (Michael Shanks)
This is a matter for the Treasury, although we remain closely engaged. The UN framework convention is focused on improving effective and inclusive international tax co-operation, not on creating specific global taxes on oil and gas companies.