Future of the Oil and Gas Industry — [Mr Charles Walker in the Chair]

Part of the debate – in Westminster Hall at 2:43 pm on 14th March 2019.

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Photo of Deidre Brock Deidre Brock Shadow SNP Spokesperson (Devolved Government Relations), Shadow SNP Spokesperson (Environment and Rural Affairs), Shadow SNP Spokesperson (Wales) 2:43 pm, 14th March 2019

I think we will have to agree to disagree on the benefits or otherwise of sovereign wealth funds, but can I ask about the taxation situation and North sea oil revenues? In 2017, Norway taxed the Royal Dutch Shell company £4.6 billion, while the UK gave the company £176 million. Can the Minister talk a little bit about the implications of those figures? I find them quite staggering.