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Impose a windfall tax on the oil & gas industry

Submitted on Sunday 20th February 2022

Rejected on Wednesday 23rd February 2022

Current status: Rejected

Rejection code: duplicate (see below for details)

Petition Action

Impose a windfall tax on the oil & gas industry

Petition Details

While the likes of Shell and BP make colossal profits, consumers face huge bills. The solution is morally and economically clear - impose a windfall tax on the oil & gas industry

Additional Information

Over the past year the huge rise in global oil and gas prices has provided oil and gas companies with vastly expanded profits. BP has just announced 2021 profits of £9.5bn (compared with a loss of £4.2bn the year before) and Shell £14bn (a four-fold increase). If these additional profits were taxed, the revenues could be used to help reduce energy bills for hard-pressed consumers.


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This petition was rejected

The Government e-Petitions Team gave the following reason:

There's already a petition about this issue. We cannot accept a new petition when we already have one about a very similar issue.

You are more likely to get action on this issue if you sign and share a single petition.

We have published the following petitions, which you might like to sign:

Tax 50% of the Energy Companies profits to help households pay bills: petition.parliament.uk/petitions/607983

Fund payments to energy customers to cover price rises by taxing oil companies: petition.parliament.uk/petitions/608136

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