He said the UK Government still “strongly supports the oil and gas industry”, and added: “I also had to be fair looking at the public finances, looking at the fact that I have spent, taxpayers have spent, £94 billion in cost-of-living support, helping pay around half people’s electricity bills over the last winter, and reflecting the fact that because high oil and gas prices have lasted longer than was anticipated at the start of the Ukraine war, they are making additional profits they weren’t expecting to make.”
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