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seems a bit weird that they are so opposed to bringing it back
It is weird (like a lot of things these guys do). I can only think that they genuinely believe the oil majors' guff about needing the profits to invest in energy transition.
The "oh they like to give money to their mates" explanation is a bit too easy.
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Its possible their (shitty) argument is this would raise petrol prices and "I ♥️ cars" ?
NickCJ
Grumpy_Git
@Stonehedge
The Tories zero rated Petroleum Revenue Tax in 2016.
Not sure the details but apparently very little PRT was paid at the time but seems a bit weird that they are so opposed to bringing it back, or a variation of it.
https://www.gov.uk/guidance/oil-gas-and-mining-petroleum-revenue-tax