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Carla Denyer has called on Rachel Reeves to end tax breaks for fossil fuel companies amounting to £2.7 billion a year and instead fund a ‘jobs guarantee’ to support workers currently employed in oil and gas to move into jobs in renewable energy.
As figures showed that energy giant BP made a profit of $2.21 billion in the 3rd quarter of 2025, Carla wrote to Reeves and launched a petition calling on the chancellor to make the change.
In her letter, Carla wrote:
Tax breaks on fossil fuel production is currently estimated to amount to £2.7 billion per year. Meanwhile these same companies continue to provide billions of pounds worth of shareholder payouts, all whilst laying off large sections of the workforce.
Speaking about the issue, Carla said:
“Right now, the government is propping up the declining oil and gas industry by giving oil and gas producing companies massive tax breaks – to the tune of £2.7 billion every year. Meanwhile these same companies have paid billions of pounds to their shareholders, all whilst laying off large sections of the workforce.
“This scandal has to end. Instead of wasting money supporting an industry in decline, the government should invest in creating jobs and supporting workers instead. This should include a Jobs Guarantee for those currently working in high-carbon industries like oil and gas, that ensures they can find equivalent alternative employment or funded retraining.
“It’s time for the government to take real action – end tax breaks for fossil fuel companies, and back workers instead.”