What did Donald Trump claim about climate and energy on 21 Jan 2026?
Donald Trump, President of the United States ·
They make it impossible for the oil companies to go. They take 92 percent of the revenues.
The UK doesn't take 92 percent. Its headline tax rate on oil and gas production is 78%, and its Energy Profits Levy taxes profits, not revenues.
The UK government announced that from Nov. 1, 2024 its Energy Profits Levy would rise to 38%, 'bringing the headline rate of tax on upstream oil and gas activities to 78%'. The levy was introduced 'to tax the extraordinary profits of oil and gas companies' (HM Treasury, July 29, 2024).
Claim vs. the record · Climate and energy
Added · Updated
The claim
- Date
- Where
- Remarks and a question-and-answer session at the World Economic Forum in Davos, Switzerland.
The record
Primary source (agency statement)