Labour would hit oil and gas companies with a windfall tax of about £11 billion in order to finance plans to tackle the climate crisis by creating a greener economy.

Jeremy Corbyn announced the “just transition tax” as part of Labour’s “green industrial revolution” when unveiling his party’s election manifesto in Birmingham on Thursday.

If Labour wins the December 12 vote, the party plans to create one million green jobs and deliver the “substantial majority” of the emissions cuts needed to tackle the environmental emergency by 2030.

Consultation

Mr Corbyn hopes the windfall tax would provide a support package for nearly 37,000 oil and gas workers, 126,000 people in jobs reliant on the sector and their communities as the nation transitions to a clean economy.

The Labour leader hopes to use the key revenue raiser to deliver on his pledge not to hang the workers “out to dry” and ensure they have new, unionised jobs.

Labour says Scotland’s North Sea oil and gas production has had a net operating surplus of £273 billion, but has been leaving workers and their communities vulnerable since its decline from 1999.

The party argues that the benefactors should now help pay for the cost to transition into a greener economy.

The size and exact mechanism of the tax will be determined by a consultation, but Labour estimates it could raise about £11 billion after looking at schemes in Germany and Spain.

Gas workers

Labour officials do not anticipate the cost of the windfall would be pushed onto consumers at the petrol pumps, saying prices are determined by the global market.

At the manifesto launch at Birmingham City University, Mr Corbyn said: “The crisis demands swift action, but it isn’t right to load the costs of the climate emergency onto the nurse, the builder or the energy worker.

“So, a Labour government will ensure the big oil and gas corporations that profit from heating up our planet will shoulder the burden and pay their fair share through a just transition tax.

“North Sea oil and gas workers have powered this country for decades, often working under dangerous conditions. We won’t hang them out to dry.

“This fund will safeguard a future for their skills and communities with new careers and secure, well-paid jobs.”

This Author

Sam Blewett is the PA political correspondent.

Labour would hit oil and gas companies with a windfall tax of about £11 billion in order to finance plans to tackle the climate crisis by creating a greener economy.

Jeremy Corbyn announced the “just transition tax” as part of Labour’s “green industrial revolution” when unveiling his party’s election manifesto in Birmingham on Thursday.

If Labour wins the December 12 vote, the party plans to create one million green jobs and deliver the “substantial majority” of the emissions cuts needed to tackle the environmental emergency by 2030.

Consultation

Mr Corbyn hopes the windfall tax would provide a support package for nearly 37,000 oil and gas workers, 126,000 people in jobs reliant on the sector and their communities as the nation transitions to a clean economy.

The Labour leader hopes to use the key revenue raiser to deliver on his pledge not to hang the workers “out to dry” and ensure they have new, unionised jobs.

Labour says Scotland’s North Sea oil and gas production has had a net operating surplus of £273 billion, but has been leaving workers and their communities vulnerable since its decline from 1999.

The party argues that the benefactors should now help pay for the cost to transition into a greener economy.

The size and exact mechanism of the tax will be determined by a consultation, but Labour estimates it could raise about £11 billion after looking at schemes in Germany and Spain.

Gas workers

Labour officials do not anticipate the cost of the windfall would be pushed onto consumers at the petrol pumps, saying prices are determined by the global market.

At the manifesto launch at Birmingham City University, Mr Corbyn said: “The crisis demands swift action, but it isn’t right to load the costs of the climate emergency onto the nurse, the builder or the energy worker.

“So, a Labour government will ensure the big oil and gas corporations that profit from heating up our planet will shoulder the burden and pay their fair share through a just transition tax.

“North Sea oil and gas workers have powered this country for decades, often working under dangerous conditions. We won’t hang them out to dry.

“This fund will safeguard a future for their skills and communities with new careers and secure, well-paid jobs.”

This Author

Sam Blewett is the PA political correspondent.

Labour would hit oil and gas companies with a windfall tax of about £11 billion in order to finance plans to tackle the climate crisis by creating a greener economy.

Jeremy Corbyn announced the “just transition tax” as part of Labour’s “green industrial revolution” when unveiling his party’s election manifesto in Birmingham on Thursday.

If Labour wins the December 12 vote, the party plans to create one million green jobs and deliver the “substantial majority” of the emissions cuts needed to tackle the environmental emergency by 2030.

Consultation

Mr Corbyn hopes the windfall tax would provide a support package for nearly 37,000 oil and gas workers, 126,000 people in jobs reliant on the sector and their communities as the nation transitions to a clean economy.

The Labour leader hopes to use the key revenue raiser to deliver on his pledge not to hang the workers “out to dry” and ensure they have new, unionised jobs.

Labour says Scotland’s North Sea oil and gas production has had a net operating surplus of £273 billion, but has been leaving workers and their communities vulnerable since its decline from 1999.

The party argues that the benefactors should now help pay for the cost to transition into a greener economy.

The size and exact mechanism of the tax will be determined by a consultation, but Labour estimates it could raise about £11 billion after looking at schemes in Germany and Spain.

Gas workers

Labour officials do not anticipate the cost of the windfall would be pushed onto consumers at the petrol pumps, saying prices are determined by the global market.

At the manifesto launch at Birmingham City University, Mr Corbyn said: “The crisis demands swift action, but it isn’t right to load the costs of the climate emergency onto the nurse, the builder or the energy worker.

“So, a Labour government will ensure the big oil and gas corporations that profit from heating up our planet will shoulder the burden and pay their fair share through a just transition tax.

“North Sea oil and gas workers have powered this country for decades, often working under dangerous conditions. We won’t hang them out to dry.

“This fund will safeguard a future for their skills and communities with new careers and secure, well-paid jobs.”

This Author

Sam Blewett is the PA political correspondent.

Labour would hit oil and gas companies with a windfall tax of about £11 billion in order to finance plans to tackle the climate crisis by creating a greener economy.

Jeremy Corbyn announced the “just transition tax” as part of Labour’s “green industrial revolution” when unveiling his party’s election manifesto in Birmingham on Thursday.

If Labour wins the December 12 vote, the party plans to create one million green jobs and deliver the “substantial majority” of the emissions cuts needed to tackle the environmental emergency by 2030.

Consultation

Mr Corbyn hopes the windfall tax would provide a support package for nearly 37,000 oil and gas workers, 126,000 people in jobs reliant on the sector and their communities as the nation transitions to a clean economy.

The Labour leader hopes to use the key revenue raiser to deliver on his pledge not to hang the workers “out to dry” and ensure they have new, unionised jobs.

Labour says Scotland’s North Sea oil and gas production has had a net operating surplus of £273 billion, but has been leaving workers and their communities vulnerable since its decline from 1999.

The party argues that the benefactors should now help pay for the cost to transition into a greener economy.

The size and exact mechanism of the tax will be determined by a consultation, but Labour estimates it could raise about £11 billion after looking at schemes in Germany and Spain.

Gas workers

Labour officials do not anticipate the cost of the windfall would be pushed onto consumers at the petrol pumps, saying prices are determined by the global market.

At the manifesto launch at Birmingham City University, Mr Corbyn said: “The crisis demands swift action, but it isn’t right to load the costs of the climate emergency onto the nurse, the builder or the energy worker.

“So, a Labour government will ensure the big oil and gas corporations that profit from heating up our planet will shoulder the burden and pay their fair share through a just transition tax.

“North Sea oil and gas workers have powered this country for decades, often working under dangerous conditions. We won’t hang them out to dry.

“This fund will safeguard a future for their skills and communities with new careers and secure, well-paid jobs.”

This Author

Sam Blewett is the PA political correspondent.

Labour would hit oil and gas companies with a windfall tax of about £11 billion in order to finance plans to tackle the climate crisis by creating a greener economy.

Jeremy Corbyn announced the “just transition tax” as part of Labour’s “green industrial revolution” when unveiling his party’s election manifesto in Birmingham on Thursday.

If Labour wins the December 12 vote, the party plans to create one million green jobs and deliver the “substantial majority” of the emissions cuts needed to tackle the environmental emergency by 2030.

Consultation

Mr Corbyn hopes the windfall tax would provide a support package for nearly 37,000 oil and gas workers, 126,000 people in jobs reliant on the sector and their communities as the nation transitions to a clean economy.

The Labour leader hopes to use the key revenue raiser to deliver on his pledge not to hang the workers “out to dry” and ensure they have new, unionised jobs.

Labour says Scotland’s North Sea oil and gas production has had a net operating surplus of £273 billion, but has been leaving workers and their communities vulnerable since its decline from 1999.

The party argues that the benefactors should now help pay for the cost to transition into a greener economy.

The size and exact mechanism of the tax will be determined by a consultation, but Labour estimates it could raise about £11 billion after looking at schemes in Germany and Spain.

Gas workers

Labour officials do not anticipate the cost of the windfall would be pushed onto consumers at the petrol pumps, saying prices are determined by the global market.

At the manifesto launch at Birmingham City University, Mr Corbyn said: “The crisis demands swift action, but it isn’t right to load the costs of the climate emergency onto the nurse, the builder or the energy worker.

“So, a Labour government will ensure the big oil and gas corporations that profit from heating up our planet will shoulder the burden and pay their fair share through a just transition tax.

“North Sea oil and gas workers have powered this country for decades, often working under dangerous conditions. We won’t hang them out to dry.

“This fund will safeguard a future for their skills and communities with new careers and secure, well-paid jobs.”

This Author

Sam Blewett is the PA political correspondent.

Labour would hit oil and gas companies with a windfall tax of about £11 billion in order to finance plans to tackle the climate crisis by creating a greener economy.

Jeremy Corbyn announced the “just transition tax” as part of Labour’s “green industrial revolution” when unveiling his party’s election manifesto in Birmingham on Thursday.

If Labour wins the December 12 vote, the party plans to create one million green jobs and deliver the “substantial majority” of the emissions cuts needed to tackle the environmental emergency by 2030.

Consultation

Mr Corbyn hopes the windfall tax would provide a support package for nearly 37,000 oil and gas workers, 126,000 people in jobs reliant on the sector and their communities as the nation transitions to a clean economy.

The Labour leader hopes to use the key revenue raiser to deliver on his pledge not to hang the workers “out to dry” and ensure they have new, unionised jobs.

Labour says Scotland’s North Sea oil and gas production has had a net operating surplus of £273 billion, but has been leaving workers and their communities vulnerable since its decline from 1999.

The party argues that the benefactors should now help pay for the cost to transition into a greener economy.

The size and exact mechanism of the tax will be determined by a consultation, but Labour estimates it could raise about £11 billion after looking at schemes in Germany and Spain.

Gas workers

Labour officials do not anticipate the cost of the windfall would be pushed onto consumers at the petrol pumps, saying prices are determined by the global market.

At the manifesto launch at Birmingham City University, Mr Corbyn said: “The crisis demands swift action, but it isn’t right to load the costs of the climate emergency onto the nurse, the builder or the energy worker.

“So, a Labour government will ensure the big oil and gas corporations that profit from heating up our planet will shoulder the burden and pay their fair share through a just transition tax.

“North Sea oil and gas workers have powered this country for decades, often working under dangerous conditions. We won’t hang them out to dry.

“This fund will safeguard a future for their skills and communities with new careers and secure, well-paid jobs.”

This Author

Sam Blewett is the PA political correspondent.

Labour would hit oil and gas companies with a windfall tax of about £11 billion in order to finance plans to tackle the climate crisis by creating a greener economy.

Jeremy Corbyn announced the “just transition tax” as part of Labour’s “green industrial revolution” when unveiling his party’s election manifesto in Birmingham on Thursday.

If Labour wins the December 12 vote, the party plans to create one million green jobs and deliver the “substantial majority” of the emissions cuts needed to tackle the environmental emergency by 2030.

Consultation

Mr Corbyn hopes the windfall tax would provide a support package for nearly 37,000 oil and gas workers, 126,000 people in jobs reliant on the sector and their communities as the nation transitions to a clean economy.

The Labour leader hopes to use the key revenue raiser to deliver on his pledge not to hang the workers “out to dry” and ensure they have new, unionised jobs.

Labour says Scotland’s North Sea oil and gas production has had a net operating surplus of £273 billion, but has been leaving workers and their communities vulnerable since its decline from 1999.

The party argues that the benefactors should now help pay for the cost to transition into a greener economy.

The size and exact mechanism of the tax will be determined by a consultation, but Labour estimates it could raise about £11 billion after looking at schemes in Germany and Spain.

Gas workers

Labour officials do not anticipate the cost of the windfall would be pushed onto consumers at the petrol pumps, saying prices are determined by the global market.

At the manifesto launch at Birmingham City University, Mr Corbyn said: “The crisis demands swift action, but it isn’t right to load the costs of the climate emergency onto the nurse, the builder or the energy worker.

“So, a Labour government will ensure the big oil and gas corporations that profit from heating up our planet will shoulder the burden and pay their fair share through a just transition tax.

“North Sea oil and gas workers have powered this country for decades, often working under dangerous conditions. We won’t hang them out to dry.

“This fund will safeguard a future for their skills and communities with new careers and secure, well-paid jobs.”

This Author

Sam Blewett is the PA political correspondent.

Labour would hit oil and gas companies with a windfall tax of about £11 billion in order to finance plans to tackle the climate crisis by creating a greener economy.

Jeremy Corbyn announced the “just transition tax” as part of Labour’s “green industrial revolution” when unveiling his party’s election manifesto in Birmingham on Thursday.

If Labour wins the December 12 vote, the party plans to create one million green jobs and deliver the “substantial majority” of the emissions cuts needed to tackle the environmental emergency by 2030.

Consultation

Mr Corbyn hopes the windfall tax would provide a support package for nearly 37,000 oil and gas workers, 126,000 people in jobs reliant on the sector and their communities as the nation transitions to a clean economy.

The Labour leader hopes to use the key revenue raiser to deliver on his pledge not to hang the workers “out to dry” and ensure they have new, unionised jobs.

Labour says Scotland’s North Sea oil and gas production has had a net operating surplus of £273 billion, but has been leaving workers and their communities vulnerable since its decline from 1999.

The party argues that the benefactors should now help pay for the cost to transition into a greener economy.

The size and exact mechanism of the tax will be determined by a consultation, but Labour estimates it could raise about £11 billion after looking at schemes in Germany and Spain.

Gas workers

Labour officials do not anticipate the cost of the windfall would be pushed onto consumers at the petrol pumps, saying prices are determined by the global market.

At the manifesto launch at Birmingham City University, Mr Corbyn said: “The crisis demands swift action, but it isn’t right to load the costs of the climate emergency onto the nurse, the builder or the energy worker.

“So, a Labour government will ensure the big oil and gas corporations that profit from heating up our planet will shoulder the burden and pay their fair share through a just transition tax.

“North Sea oil and gas workers have powered this country for decades, often working under dangerous conditions. We won’t hang them out to dry.

“This fund will safeguard a future for their skills and communities with new careers and secure, well-paid jobs.”

This Author

Sam Blewett is the PA political correspondent.

Labour would hit oil and gas companies with a windfall tax of about £11 billion in order to finance plans to tackle the climate crisis by creating a greener economy.

Jeremy Corbyn announced the “just transition tax” as part of Labour’s “green industrial revolution” when unveiling his party’s election manifesto in Birmingham on Thursday.

If Labour wins the December 12 vote, the party plans to create one million green jobs and deliver the “substantial majority” of the emissions cuts needed to tackle the environmental emergency by 2030.

Consultation

Mr Corbyn hopes the windfall tax would provide a support package for nearly 37,000 oil and gas workers, 126,000 people in jobs reliant on the sector and their communities as the nation transitions to a clean economy.

The Labour leader hopes to use the key revenue raiser to deliver on his pledge not to hang the workers “out to dry” and ensure they have new, unionised jobs.

Labour says Scotland’s North Sea oil and gas production has had a net operating surplus of £273 billion, but has been leaving workers and their communities vulnerable since its decline from 1999.

The party argues that the benefactors should now help pay for the cost to transition into a greener economy.

The size and exact mechanism of the tax will be determined by a consultation, but Labour estimates it could raise about £11 billion after looking at schemes in Germany and Spain.

Gas workers

Labour officials do not anticipate the cost of the windfall would be pushed onto consumers at the petrol pumps, saying prices are determined by the global market.

At the manifesto launch at Birmingham City University, Mr Corbyn said: “The crisis demands swift action, but it isn’t right to load the costs of the climate emergency onto the nurse, the builder or the energy worker.

“So, a Labour government will ensure the big oil and gas corporations that profit from heating up our planet will shoulder the burden and pay their fair share through a just transition tax.

“North Sea oil and gas workers have powered this country for decades, often working under dangerous conditions. We won’t hang them out to dry.

“This fund will safeguard a future for their skills and communities with new careers and secure, well-paid jobs.”

This Author

Sam Blewett is the PA political correspondent.

Plaid Cymru leader Adam Price has said Labour must back a green investment programme for Wales if it is to secure his party’s support in the event of a hung parliament following the general election on December 12.

The party is launching its manifesto on Friday with a call for the Westminster government to allocate an additional one percent of GDP to invest in “green infrastructure” over the next decade, allowing Wales to spend an additional £15 billion on green jobs, transport and energy.

Monopolies

Mr Price said Jeremy Corbyn would have to adopt the programme if Plaid Cymru – which had four MPs in the last parliament – were to help him enter No 10.

“It has to be this investment programme. That has to be the key. Fair funding for Wales,” he told the BBC Radio 4 Today programme.

“We want to make those investments in Wales. We don’t want them done by, as Labour is suggesting, creating state-owned monopolies based outside of Wales. This is not much better than privately-owned monopolies based outside of Wales.”

This Author

Brendan Montague is the editor of The Ecologist. This article is based on copy from PA.