Energy Profits Levy

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No plans to prolong windfall tax to generators before Borexit

No plans to prolong windfall tax to generators before Borexit The government has not got any plans to prolong the windfall tax on electricity generators before Boris Johnson vacates the office of Prime Minister. The Prime Minister’s spokesman stated to reporters that the choice not to increase the tax is in line with government policy…
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Rishi Sunak spent the morning with the UK’s oil and gas industry.

Rishi Sunak spent the morning with the UK’s oil and gas industry. The Chancellor has associated with oil and gas companies among concerns against the newly declared windfall tax would ‘hurt’ future investments. Rishi Sunak spent the morning at the Net Zero Technology Centre in Aberdeen, hosting a roundtable with about 20 business leaders from…
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North Sea projects scrapped?

North Sea projects scrapped? The fufillment of a windfall tax on oil and gas firms’ profits has reportedly made some reexamine their new fossil fuel projects in the North Sea. The Telegraph has announced that the Norwegian energy company Equinor is reviewing its plan to drill for oil and gas in the North Sea, in…
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