The talks come after Rishi Sunak fired a warning shot at firms reaping huge benefits from soaring oil and gas prices while families struggle with bills. It is understood Mr Kwarteng will tell executives they need to commit money to the North Sea and offshore wind projects in return for government support for renewables and drilling projects. The Business Secretary will deliver a stark message to the companies during an online meeting, as they prepare to announce bumper profits amid the war in Ukraine.
Kwasi Kwarteng is urging Shell and BP to invest in the UK as a 'quid pro quo' after Rishi Sunak threatened a windfall tax on their massive profits.
