Skip to content

Shell to Evaluate £25 Billion UK Investments on Windfall Tax

  • Company to push for changes to tax plan announced last week
  • UK spending plans to be evaluated on a case by case basis
David Bunch on Nov. 21.
David Bunch on Nov. 21.Photographer: Darren Staples/Bloomberg
Updated on

Shell Plc will “evaluate” its plan for as much as £25 billion of UK investments and push for changes to the expanded windfall tax announced by the government last week. 

“We’re going to have to evaluate each project on a case by case basis,” said David Bunch, chairman of Shell’s UK operations. “When you tax more you’re going to have less disposable income in your pocket, less to invest.”