✓ Passed into LawLords
UK Parliament · Bill
Energy (Oil and Gas) Profits Levy Act 2022
Summary
This Act introduced a special tax on oil and gas companies operating in the UK when their profits are exceptionally high. The extra money collected goes to the government to spend on helping people with energy costs and supporting the transition to renewable energy.
A vote to support means
- —Supporting this Act means believing the government should take extra tax from oil and gas companies when they make unusually high profits. Supporters argue this money can help with the cost-of-living crisis and fund clean energy projects that benefit everyone.
A vote to oppose means
- —Critics worry the tax might discourage oil and gas companies from investing in the UK, which could cost jobs. Others argue it doesn't solve the real problem of high energy prices and might eventually lead to higher bills for consumers.
Cast Your Vote
People's Vote0 votes
0% Support · 00% Oppose · 0
Parliament's Vote492 MPs
41% Ayes · 20359% Noes · 289
Bill Passage
Commons
- 1st reading5 Jul 2022
- 2nd reading11 Jul 2022
- Committee stage11 Jul 2022
- 3rd reading11 Jul 2022
Lords
- 1st reading12 Jul 2022
- 2nd reading13 Jul 2022
- 3rd reading13 Jul 2022
Royal Assent14 Jul 2022
Full Bill Description(click to expand)
No description available