Extract from Scottish Parliament debate on Oil and Gas Industry - Mar 6

Mark Ruskell (Mid Scotland and Fife) (Green):...The UK Government could have chosen to make those tax reliefs available for renewable investments in order to create the jobs of the future today, but it chose not to do that. Tax allowances and reduced tax rates have allowed the Treasury to give more money to oil companies than it takes from them. In 2020, Shell was paid £80 million in negative tax, while the chief executive officer pocketed £5.5 million and the shareholders received record dividends, and at the same time, Shell made redundant 330 of its workers in the North Sea. That is absolutely shameful—did the Tories in the north-east condemn that when it happened?

To read the whole debate, OPEN HERE