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Early day motion tabled by primary sponsor Lindsay Hoyle (Labour), on Tuesday, 13 February 2001, in the House of Commons. It is signed by 44 members in total.

PROFITS OF OIL COMPANIES

That this House notes the record profits generated by oil companies to be announced in the latest accounts - as much as ??350 per second; notes further that this is in the face of continuing public disquiet at the retail cost of petrol and requests by the Government that Shell and other oil companies reduce the price of petrol and diesel to the motorist; further notes that the Government has already played its part by reducing duty on petrol and diesel; and calls upon the Government to levy a windfall tax on the oil companies and to use the proceeds to reduce further the retail cost of petrol and diesel in the United Kingdom.

Amendments

The Early day motion has received an amendment.

PROFITS OF OIL COMPANIES (338A1)
The Early day motion has received an amendment sponsored by David Chaytor (primary, Labour) and tabled on Wednesday, 14 February 2001. It has been signed by 17 members in total.
leave out from 'proceeds' to end and add 'to (a) provide further tax incentives for motorists switching to cleaner and more fuel-efficient vehicles and (b) boost research and development of renewable fuels, such as fuel cells, to assist the transition from a fossil fuel to a hydrogen-based economy.'.

Secondary information

Type
Early day motion
Reference
338 
338A1 
Session
2000-01
Subjects
Companies Oil Profits Prices
Link
View this Early day motion on www.parliament.uk