Carbon Emissions: Taxation
Commons · Question 77439 · Tabled 15 Sep 2025 · Treasury · Official record
Answered 13 Oct 2025
Question
Asked by Gregory Stafford
To ask the Chancellor of the Exchequer, what assessment she has made of the adequacy of (a) the Energy Profits Levy and (b) other carbon-related taxes in preventing climate related damage.
Answer
Answered by Dan Tomlinson, 13 Oct 2025
The Energy Profits Levy (EPL) was introduced as a temporary additional surcharge on profits generated from oil and gas exploration and production activities in the UK, in response to extraordinary global circumstances. The EPL has already raised over £11b...