UK could be starved of energy, warns North Sea boss
But Mr Myerson said the chances of oil and gas prices falling sufficiently to trigger the elimination of the tax were "extremely low" as supply and demand had changed after the Russian invasion of Ukraine.
A spokesperson for the Treasury said it was "right that we recover excess profits resulting from Putin's war" and that the money raised from the windfall tax had been used to help people with their energy bills. "There is only one decision that can be made and that is that new exploration needs to be stopped immediately," he told the BBC.
He believes it is unrealistic to expect someone working on an oil platform to be able to install a windfarm as they would not have the technical expertise.
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