Chancellor Rishi Sunak is visiting Aberdeen to meet with oil and gas companies and discuss the investment allowance in the windfall tax plan and reiterate the importance of the North Sea in the UK's transition to net zero.
He will host a roundtable with chief executives from oil and gas companies to stress the importance of the North Sea sector to the UK's domestic energy supply and security, in the context of Putin's invasion of Ukraine.
Sunak is aiming to reassure attendees that the UK Government is committed to encouraging investment in the North Sea sector in the context of the recently announced Energy Profits Levy, which is helping to pay for the package of support to help people with the cost of living.
