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<p>Taxpayers are not considered investors in oil and gas. Oil and gas extraction in
the UK and on the UK Continental Shelf is a market orientated activity undertaken
by commercial organisations. Those organisations and their investors, who choose to
invest in this activity, do so to generate a commercial return and bear the associated
risks, including the risks referred to in Question 202953.</p><p>The role of government
is to regulate the activity. As oil and gas is a national resource, the government
also seeks to take a fair share of profits from exploration and production activities
through the oil and gas tax regime.</p>
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