Households closest to new pylons and electricity substations could receive up to £10,000 off their bills over a decade under plans being announced by Jeremy Hunt.
There has been “no signal” that the UK Government’s £20bn of planned funding for CCS would be at risk following a general election, said a leading trade body.
Several carbon capture and storage (CCS) projects in the UK are considering a move out of the UK to more favourable conditions overseas, a trade body has warned.
TotalEnergies is weighing up its projects for FID (final investment decision) in the West of Shetland, but the uncertain fiscal regime in the UK may have an impact.
The UK will fall further behind the US on green technologies without a national investment fund to help turn start-ups into the companies of tomorrow, a leading think-tank has warned.
A welcomed move from industry, but projections show the price floor is unlikely to kick in before the tax is due to end in March 2028.
Chancellor Jeremy Hunt unveiled the first step of the Government's response to the US' multibillion-dollar investment in green technology with a swipe at Joe Biden.
Britain will classify nuclear power as “environmentally sustainable” as the government tries to attract billions of pounds of private capital to the sector.
Chancellor Jeremy Hunt has confirmed a £20bn government support package for CCS, but developers of a flagship north east scheme must wait for further details.
Chancellor of the Exchequer Jeremy Hunt is considering limiting the windfall tax on the profits of UK oil and gas companies to allay industry concerns.
The path has not run smooth for the north east’s Acorn CCS project, however new funding commitments in the Spring Budget may finally see the pioneering plans take root.
The Chancellor will announce the creation of a dozen new UK investment zones when he delivers the government’s budget tomorrow.
Chancellor Jeremy Hunt vowed to commit £20bn to carbon capture technology over the next two decades, alongside new support for small modular nuclear reactors (SMRs).
Scottish politicians urged Westminster to unlock funding for the Acorn carbon capture and storage project in the upcoming Budget and slammed slow progress on low-carbon development.
It is “unlikely” that Jeremy Hunt will toy with current energy windfall taxes when he delivers the government’s fiscal update next week.
Westminster is being urged to “fix or ditch” current off-payroll working tax rules ahead of the upcoming spring budget.
November’s changes to the oil and gas windfall tax have had a “significant impact” on the profitability of new projects, analysis has found.
Conservative backbencher Sir John Redwood has called for Prime Minister Rishi Sunak to reverse the "very bad deal" IR35 is bringing to self-employed workers.
Tax revenues from the country’s oil and gas sector will fall as fossil fuel prices drop, the UK government expects, restricting Chancellor Jeremy Hunt’s spending power in the budget next month.
A group of trade associations from across the energy sector have written to the Chancellor urging him to prioritise incentives for green growth as part of the Spring Budget.
The windfall tax on North Sea oil and gas producers raised nearly 25% less than expected for Treasury coffers last month.
Rishi Sunak and Jeremy Hunt are being held responsible for planned job losses at the UK North Sea’s largest producer.
A major investor in UK wind energy plans to take the government to court over its “smash and grab raid” on renewables generators.
The head of the BRINDEX trade group has hit out at the "manifestly unfair" levy, which he said will hurt the supply chain in the UK.
Harbour Energy (LON: HBR), the largest producer in the North Sea, will shun the ongoing licensing round in the UK due to the windfall tax.