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The Guardian - UK
The Guardian - UK
Business
Alex Lawson Energy correspondent

Windfall tax would hit renewables investment, National Grid boss says

An electricity pylon
National Grid posted an 11% rise in operating profits in the 12 months to the end of March. Photograph: Daniel Leal/AFP/Getty Images

The chief executive of National Grid has weighed into the row over whether to introduce a windfall tax on North Sea oil and gas producers, claiming it would hit investment in renewables and harm customers.

John Pettigrew argues a one-off levy to pay to ease the burden of bills would risk damaging Britain’s attempts to cut emissions.

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