Calendar An icon of a desk calendar. Cancel An icon of a circle with a diagonal line across. Caret An icon of a block arrow pointing to the right. Email An icon of a paper envelope. Facebook An icon of the Facebook "f" mark. Google An icon of the Google "G" mark. Linked In An icon of the Linked In "in" mark. Logout An icon representing logout. Profile An icon that resembles human head and shoulders. Telephone An icon of a traditional telephone receiver. Tick An icon of a tick mark. Is Public An icon of a human eye and eyelashes. Is Not Public An icon of a human eye and eyelashes with a diagonal line through it. Pause Icon A two-lined pause icon for stopping interactions. Quote Mark A opening quote mark. Quote Mark A closing quote mark. Arrow An icon of an arrow. Folder An icon of a paper folder. Breaking An icon of an exclamation mark on a circular background. Camera An icon of a digital camera. Caret An icon of a caret arrow. Clock An icon of a clock face. Close An icon of the an X shape. Close Icon An icon used to represent where to interact to collapse or dismiss a component Comment An icon of a speech bubble. Comments An icon of a speech bubble, denoting user comments. Comments An icon of a speech bubble, denoting user comments. Ellipsis An icon of 3 horizontal dots. Envelope An icon of a paper envelope. Facebook An icon of a facebook f logo. Camera An icon of a digital camera. Home An icon of a house. Instagram An icon of the Instagram logo. LinkedIn An icon of the LinkedIn logo. Magnifying Glass An icon of a magnifying glass. Search Icon A magnifying glass icon that is used to represent the function of searching. Menu An icon of 3 horizontal lines. Hamburger Menu Icon An icon used to represent a collapsed menu. Next An icon of an arrow pointing to the right. Notice An explanation mark centred inside a circle. Previous An icon of an arrow pointing to the left. Rating An icon of a star. Tag An icon of a tag. Twitter An icon of the Twitter logo. Video Camera An icon of a video camera shape. Speech Bubble Icon A icon displaying a speech bubble WhatsApp An icon of the WhatsApp logo. Information An icon of an information logo. Plus A mathematical 'plus' symbol. Duration An icon indicating Time. Success Tick An icon of a green tick. Success Tick Timeout An icon of a greyed out success tick. Loading Spinner An icon of a loading spinner. Facebook Messenger An icon of the facebook messenger app logo. Facebook An icon of a facebook f logo. Facebook Messenger An icon of the Twitter app logo. LinkedIn An icon of the LinkedIn logo. WhatsApp Messenger An icon of the Whatsapp messenger app logo. Email An icon of an mail envelope. Copy link A decentered black square over a white square.

Nicola Sturgeon: Oil and gas windfall tax could ease household cost of living crisis

Nicola Sturgeon said big firms could pay more.

Big energy companies should be paying more to help families deal with the cost of living, the first minister claimed.

Nicola Sturgeon said she is “not ideologically opposed” to calls for a windfall tax on “vast profits” in a time of financial pressure.

The SNP leader commented on the proposal in light of public “anger” at profit margins including £9.5 billion posted by BP for 2021 on Tuesday.

Shell meanwhile reported £14.3bn profits just as energy regulator Ofgem braced householders for a massive rise in their energy bills from April.

However, Ms Sturgeon also warned the “brunt” of any government response must not fall on the north-east where oil and gas jobs pay many household wages.

‘Not ideologically opposed’

The remarks in a BBC interview expose a political balancing act for the Scottish Government which includes Green party voices calling for extra tax, but also loud warnings from SNP figures about the regional impact.

Asked about a windfall tax, Ms Sturgeon said: “I’m not ideologically opposed to that. I don’t have the powers to do it.

“If the UK government comes forward with a proposal like that, I would encourage them to think about all options.

“And my only request is that we don’t want to see only the north-east of Scotland bearing the brunt of what we need to do to deal with the cost of living crisis.

“But there’s no doubt that companies making massive profits and with the broadest shoulders here should be playing a part in contributing to helping families the length and breadth of the UK.”

First Minister Nicola Sturgeon at an Oil and Gas Industry Conference in Aberdeen.

Earlier, Green party leader Patrick Harvie – a minister in the Scottish Government with Ms Sturgeon – repeated calls for a tax.

The first minister said the UK government should look at it but said she is considering what Holyrood can do in the Scottish budget, expected to pass on Thursday.

‘Help for families’

Ms Sturgeon added: “I’m not arguing against a windfall tax but equally I don’t want to rule out other options that might be possible to deliver additional help for families.

“I want the chancellor and the UK government to be looking at all of the options.”

UK Chancellor Rishi Sunak has so far rejected calls for any windfall on energy companies.

He claimed it sounds “superficially appealing” but would deter investment.

North-east Tory MPs David Duguid and Andrew Bowie meanwhile wrote to SNP figures in the region urging them to oppose the “dangerous and industry-wrecking tax”.