Petition · past parliament
Immediately initiate a windfall tax on North Sea oil and gas companies.
Rejected
19 signatures
What the petition asks
Immediately initiate a windfall tax on North Sea oil and gas companies and redistribute the takings to benefit those who are, and will be, struggling with the dramatic increase in their electricity and gas bills.
Oil and gas companies operating in the North Sea are taxed differently from other companies.
They have bigger capital allowances than most companies, which means they can pay less tax if they are investing money.
The amount of UK tax paid by oil and gas companies has been low in recent years. For many years the government paid more to oil and gas companies in tax relief than it received from them in taxes. It is unfair for them not to contribute to the budget whilst recording record profits.
They have bigger capital allowances than most companies, which means they can pay less tax if they are investing money.
The amount of UK tax paid by oil and gas companies has been low in recent years. For many years the government paid more to oil and gas companies in tax relief than it received from them in taxes. It is unfair for them not to contribute to the budget whilst recording record profits.
Why it was rejected
There was already a petition about this issue. Duplicates are rejected so signatures collect in one place.
We have published the following petition, which you might like to sign:
Fund payments to energy customers to cover price rises by taxing oil companies: Fund payments to energy customers to cover price rises by taxing oil companies
Tax 50% of the Energy Companies profits to help households pay bills: Tax 50% of the Energy Companies profits to help households pay bills.
Fund payments to energy customers to cover price rises by taxing oil companies: Fund payments to energy customers to cover price rises by taxing oil companies
Tax 50% of the Energy Companies profits to help households pay bills: Tax 50% of the Energy Companies profits to help households pay bills.
Timeline
| 16 Feb 2022 | Petition opened for signatures |
| 21 Feb 2022 | Rejected by the Petitions Committee |
Key facts
Signatures
19
Status
Rejected
Rejected
21 Feb 2022
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Source: the official petition page. Last checked 15 Jul 2026.