Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what the projected revenue is to His Majesty's Treasury from oil and gas companies as a result of the policy to ban new oil and gas exploration licences.

The government does not intend to issue new licences to explore new oil and gas fields. We will share more details on our plans for oil and gas licensing in due course.

Forecasts for oil and gas tax revenues are published by the Office for Budget Responsibility. Future forecasts will take into account any changes to policy that may have an impact on production or revenues.