End tax breaks for oil and gas giants and support workers instead

Right now, the government is propping up the declining oil and gas industry by giving oil and gas producing companies massive tax breaks - to the tune of £2.7 billion every year. Meanwhile these same companies have paid billions of pounds to their shareholders, all whilst laying off large sections of the workforce.

This scandal has to end.

This financial support could and should be redirected to create jobs and support workers instead.

Part of the additional revenue created by ending these tax breaks could fund a targeted jobs guarantee for those currently working in high-carbon industries like oil and gas, that ensures they can find equivalent alternative employment or funded retraining.

It’s time for the government to take real action – end tax breaks for fossil fuel companies, and back workers instead.