Meeting of the Parliament 03 October 2024
Mr Kerr makes his point very well. I will return to the committee’s report, because we took some evidence on that issue. Fergus Mutch, who was representing the Aberdeen and Grampian Chamber of Commerce, told us that decisions were being taken by Governments that were damaging the sector and that investment was being driven elsewhere following those decisions.
The energy profits levy is a good example of that. The Labour approach to that levy is to remove all allowances. According to Offshore Energies UK, that would reduce the value of the oil and gas sector by £13 billion by 2029, which puts about 35,000 jobs at risk. I say to Mr Johnson that that is not my estimate, but that of the industry itself.
The SNP is little better. Its presumption against new exploration in the North Sea will add to the industry’s woes.