Windfall Tax

The conventional, Conservative wisdom is that a windfall tax on energy producers is a disincentive to investment in the UK. However, consider the following.

1. Energy based on fossil fuels is, and always will be, subject to geopolitics. Most of the areas that produce oil or gas in vast quantities are politically unstable of have questionable human rights records, meaning western democracies have to compromise their ethics and morals (if they have any, in the case of the UK currently) to gain access to these resources. The current inflation in prices, as an example, is due to the Ukraine War and an embargo on Russian oil and gas.
2. Fossil fuels are both finite and a contributor to global warming. Unless you are particularly thick, or believe in conspiracy theories, there is no denying this.
3. It behoves us, therefore, to invest in renewable energy sources as swiftly as possible so as to become self-reliant on a non-polluting and climate-friendly source of energy. 
4. While it's agreed that a windfall tax on oil and gas production would be a disincentive to invest in those assets, the corollary is that it would bring an incentive to invest in renewables, which is exactly what we need.
5. The energy producers have already stated that they have set aside investment on the basis of expected profits, so a windfall levy on excess profits will not affect that one bit. 

The Conservative argument, therefore, is totally spurious and nothing to do with future investment, but having shares in a dwindling and therefore increasingly expensive commodity - a commodity that has been proven to be linked to global warming and is definitely linked to pollution.