Enquest Criticizes Windfall Tax Impact on Oil and Gas Jobs in Aberdeen

Enquest has criticized the windfall tax imposed on the oil and gas industry, highlighting its detrimental impact on jobs in Aberdeen. The company argues that the tax, which aims to capture additional profits from energy firms, could lead to significant job losses in a region heavily reliant on the oil and gas sector. Enquest's leadership emphasizes that this financial burden may deter investment and hinder future projects, ultimately affecting the local economy. They assert that a more supportive fiscal environment is essential for the sustainability of the industry and the preservation of jobs. The company is concerned that the tax could exacerbate challenges already faced by energy firms in the current economic climate. Without a reconsideration of this policy, the future of employment in Aberdeen's oil and gas industry could be at risk. Enquest calls for a balanced approach that promotes investment while ensuring the region's workforce is protected, urging policymakers to take into account the long-term implications of the windfall tax on both the industry and the local community.