SITUATION REPORT

U.K.: Prime Minister Rules Out Windfall Tax as BP Promises More British Investment

May 3, 2022 | 17:07 GMT

British Prime Minister Boris Johnson ruled out a windfall tax on British oil and gas companies because a windfall tax would "discourage [British oil companies] from making investments we want to see, that in the end will keep prices lower for everybody," Bloomberg reported May 3....

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