Scottish Power: Windfall tax could pull plug on green investment

No confirmed plans

Scottish Power will consider diverting investment outside of Britain if it has to pay an “unfair” windfall tax on its profits to help households and businesses with the soaring cost of energy, its CEO has said.

Chief Keith Anderson told The Times if renewable power generators like Scottish Power faced a levy similar or harsher than the oil and gas sector, ScottishPower could slow or reduce its investment in Britain.  "It will make us reconsider," he said. What do we invest in the UK? How quickly do we invest it in the UK? And are there other markets that are more attractive than the UK?" Sunak planning £40bn windfall tax grab - reports Beyond this, it has so far not confirmed its plans. Anderson is calling for suppliers and generators of renewable energy, such as Scottish Power, which ...