UK Government warned of risks from extended windfall tax on energy companies

The UK government faces warnings over its proposal to increase and extend the windfall tax on energy companies, which could threaten thousands of jobs and billions in investments. Offshore Energies UK (OEUK), supported by more than 40 organisations, expressed concerns in an open letter to Sarah Jones, UK Minister of State for Industry and Decarbonisation, regarding the recent approval of a 3% increase in the Energy Profits Levy (EPL), raising the rate to 78% and…