WIndfall Tax Could Risk Shell’s $30B UK Investment Plan ...Middle East

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WIndfall Tax Could Risk Shell’s $30B UK Investment Plan
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Supermajor Shell will be re-evaluating each project comprising its $30 billion (£25 billion) planned investment in the UK energy system after Britain raised the windfall tax on oil and gas producers and slapped a similar tax on low-cost electricity generators.  “We're going to have to evaluate each project on a case by case basis,” Shell’s UK Country Chair David Bunch said at the Confederation of British Industry's annual conference in Birmingham this week.  Earlier this year, Shell said it planned to invest £20-25…

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