Royal Dutch Shell's chief financial officer on Thursday joined the chorus of critics of the UK government's recent tax raid, warning that some smaller North Sea projects might not go ahead, and suggested that oil prices are too high. "Government tax hikes are a factor in the business we are in," finance chief Simon Henry said in announcing the Anglo-Dutch oil giant's first-quarter results. "We have talked to the UK government about [the tax increase], though I must stress that this was after they made the change and not before. We've got two big oil projects in the region that are still likely to go ahead, but some of the smaller projects will now be difficult."
展开▼
