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The Prime Minister gives oil companies making billions in excess profits a 90p tax break for £1 invested in oil & gas, fuelling climate change. But he refuses to invest in North East infrastructure, tech or people to combat climate change. Why does he give to Big Oil but leave us with nothing?

HANSARD

Chi Onwurah 

(Newcastle upon Tyne Central) (Lab)

The Prime Minister gives oil companies who are already making billions in excess profits 90p in tax breaks for every £1 they invest in oil and gas, literally fuelling the climate change that will bring more flooding to the north-east, destroying our agriculture, lives and livelihoods, prospects and prosperity. Yet he refuses to invest in the north-east’s transport infrastructure, industry, green technologies, people and skills to combat climate change. Why does he treat the oil companies with such largesse and leave the north-east with nothing?

https://hansard.parliament.uk/Commons/2022-11-09/debates/D1AA404D-7507-4FC4-A0FA-60F35BFBFBCD/COP27#contribution-02E72C5C-037B-4B2C-963B-A20D3EC80B4E

 

 

 

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