Question follow-through · 19177

Offshore Industry: Finance

To ask the Chancellor of the Exchequer, if she will make it her policy to (a) end funding for the Ring Fence Expenditure Supplement for oil and gas companies and (b) redirect any savings to international climate finance.

answeredDr Ellie ChownsTreasury

About this written question

A written question asks a government minister for information in writing. Parliament publishes the question and any answer.

Answering body
Treasury
Tabled
10 Dec 2024
Target answer date
12 Dec 2024
Answer
19 Dec 2024 · 9 calendar days after tabling

Elapsed calendar days describe the record timeline, not whether Parliament considers an answer on time.

More questions by this MP on Environment and energy

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Recorded timeline

  1. 10 Dec 2024

    Question tabled

    To ask the Chancellor of the Exchequer, if she will make it her policy to (a) end funding for the Ring Fence Expenditure Supplement for oil and gas companies and (b) redirect any savings to international climate finance.

  2. 12 Dec 2024

    Target answer date

    Date supplied by the official written-questions record.

  3. 19 Dec 2024

    Answer published

    Ring Fence Expenditure Supplement (RFES) maintains the time value of oil and gas exploration, appraisal and development costs. This recognises that oil and gas projects have high costs before production begins, but no production income to set these costs ...

Open official record

Official data retrieved 27 Sept 2026.

Later records

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