Firms across the UK’s oil and gas supply chain have expressed “grave concern” about government plans to hike windfall taxes and eliminate investment incentives to an industry that supports 200,000 jobs.
In an open letter to HM Treasury, seen by the BBC, 42 companies have warned that official plans threaten £200bn of investment in all forms of domestic energy, including renewables.
The signatories include manufacturing, engineering and technology companies.
The Treasury said, however, that its industrial strategy would create “thousands of new jobs in the industries of the future”.