Written Question·Treasury·UIN 77439
Carbon Emissions: Taxation
Tabled: 15 September 2025
Answered: 13 October 2025
Question
Gregory Stafford
Conservative — Farnham and Bordon
To ask the Chancellor of the Exchequer, what assessment she has made of the adequacy of (a) the Energy Profits Levy and (b) other carbon-related taxes in preventing climate related damage.
Answer
Dan TomlinsonThe Energy Profits Levy (EPL) was introduced as a temporary additional surcharge on profits generated from oil and gas exploration and production activities in the UK, in response to extraordinary global circumstances. The EPL has already raised over £11b...
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