The Treasury has published the draft windfall tax law – and wants your thoughts
The Treasury has opened the door for feedback on the North Sea windfall tax as draft legislation has today been published.
Chancellor Rishi Sunak
Power firm windfall tax could ‘jeopardise’ cutting bills and carbon – Energy UK
A windfall tax on the UK's power generators might push up household energy bills in the long term, the industry's trade body has warned.
Windfall tax to ‘fall away’ if oil goes below $70, says Chancellor
Chancellor Rishi Sunak has said the government’s windfall tax measures are likely to fall away if oil prices sink below $70 per barrel.
Windfall tax: What is the Treasury’s so-called ‘normal’ oil price?
As industry grapples with the newly-imposed windfall tax, questions linger on the government's view of a so-called "normal" price for oil and gas.
Government will not rule out windfall tax despite opposition from ministers
The Government has not ruled out imposing a windfall tax on energy companies despite strong opposition from several ministers.
North Sea windfall tax plans voted down in Commons
Plans to impose a windfall tax on North Sea oil and gas firms have been voted down in the House of Commons, despite garnering support from both sides of the political aisle.
EY Carbon launched to help listed firms draw up net zero plans ahead of 2023 deadline
‘Big four’ accountancy firm EY has launched a new division to support listed companies preparing net zero plans ahead of next year’s deadline.
Profile: The six North Sea fields reportedly being ‘fast-tracked’ by UK Government
The government will reportedly aim to fast-track approvals of key oil and gas fields this year, as the Chancellor pushes for continued North Sea investment.
New Job Retention Bonus scheme does ‘little to nothing’ to affect North Sea job losses
Politians and union bosses have hit out at Chancellor Rishi Sunak’s Job Retention Bonus scheme, with some claiming it does “little to nothing” to affect growing North Sea job losses.
UK Chancellor to unveil £3bn green recovery package
A £3 billion green package with grants for homeowners and public buildings to improve energy efficiency will be unveiled by Rishi Sunak as part of his coronavirus economic strategy.
North-east politicians call for sector deal in wake of oil and gas job loss prediction
A number of prominent north-east politicians have called for the UK Government to fast-track a long awaited oil and gas sector deal following a new report by representative body Oil and Gas UK (OGUK) that claimed the industry could see tens of thousands of job losses due to Covid-19.
RMT Union and MP Carmichael call for government action on ‘ignored’ offshore workers
Offshore union RMT has claimed the government is “ignoring” oil and gas workers during the “national crisis” of the coronavirus outbreak, and written to the Chancellor for action.
‘Disappointment’ as Chancellor puts CCS lower down pecking order than potholes
A leading analyst has described it as “disappointing” that the Chancellor that put a vital net zero technology lower down his list of priorities than repairing potholes.
Budget forecasts on North Sea revenues will be ‘wrong’ due to oil price freefall
The oil price freefall means projections for the UK’s North Sea revenues are already out of date before the Budget is even published, according to a leading analyst.