Current tax recoveries are refundable at a rate of approximately 23% in Canada and at a combined current income tax and Petroleum Revenue Tax ("PRT") rates approximating 70% to 75% in the UK portion of the North Sea.

Source: https://investingnews.com/canadian-natural-resources-limited-announces-2024-budget/

In a 1972 speech to Congress, President Richard Nixon lobbied for federal PRT development, arguing, “If we can send three men to the moon 200,000 miles away, we should be able to move 200,000 people to work 3 miles away.”

Source: https://jalopnik.com/tesla-just-cut-prices-for-the-sixth-time-in-four-months-1850352142