We will have to look at the windfall tax on energy giants, says Boris Johnson | News

BP has said it would like to invest more money in the UK but warned when Boris Johnson and Rishi Sunak threatened to hit the company with a windfall.

Bernard Looney, the CEO of BP, angered ministers last week when he told: The times he would go on with £18bn of investment in the UK this decade, even if a levy were imposed.

His comments were seized upon by Labour, which pushed for a windfall tax on oil and gas companies, and led to a shift in the government’s position.

Bernard Looney admitted BP would not change its investments in the event of a windfall tax

Bernard Looney admitted BP would not change its investments in the event of a windfall tax

DANIEL LEAL-OLIVAS/AFP/GETTY IMAGES

Boris Johnson said yesterday he would look into introducing a windfall tax on oil and gas companies, while Rishi Sunak, the chancellor, said yesterday that “there are no options out there.”

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