RMT slams energy companies for resisting windfall tax

RMT slams energy companies for resisting windfall tax

23 August 2024

RMT Press Office:

OFFSHORE union RMT has slammed oil and gas companies for complaining to the government about plans for a windfall tax despite raking in record dividends and profits.

Over 40 companies have warned that any such plans threatened investment in all forms of domestic energy, including renewables despite having already slashed over 200,000 jobs and actively blocked publicly funded measures like an offshore training passport.

RMT general secretary Mick Lynch described corporate complaints against a small rise in a windfall tax first implemented by the Tories as rank hypocrisy. 

“We are only talking about a three per cent increase of windfall taxes on oil and gas profits from to 78 per cent to bring the UK in line with Norway.

“When the public are facing a 10 per cent increase in their energy bills, a three per cent increase in tax on oil and gas profits will be seen as entirely reasonable.

“These companies should concentrate on investment in people and skills and developing positive engagement with trade unions, and supporting the extension of sectoral collective bargaining rights for all workers across the supply chain.

“This is the key to a successful energy transition as oil and gas volumes are gradually reduced for alternative greener fuels in the years ahead,” he said.

 

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Tagged with: RMT, Mick Lynch, Windfall Tax, Oil, Gas