North-east business leaders called on the Chancellor to scrap windfall taxes on the energy sector, as research suggests Aberdeen is the slowest-growing economy in the UK.
By Paul Copland, EY Scotland Mental Health Sponsor and Senior Audit Partner
When I started my career, I was the first year group to receive a personal laptop. Access to email was not widespread, files were paper and your best friend was your giant key calculator (or an ‘adding machine’, real old school auditing).
The UK offshore services sector (OFS) has had a rough time over recent years, given the COVID-19 pandemic, declining oil and gas activity, political uncertainty and limits on the pace of the energy transition.
By By Derek Leith, EY global head of tax for Oil & Gas
Reaction to the UK Government’s net zero strategy has been rather muted. Some reports call it “underwhelming” or “disappointing”, but are they being unfair?
One of the north-east energy sector’s top tax experts is heading for the exit door at EY after nearly three decades at the global professional services giant.
Internal combustion engines are being phased out over the next few years. However, the transition to EVs will require new ways of thinking, from regulators, from companies and even from drivers.
The UK must face up to the challenge of heating housing in low carbon ways, or will fail the legally binding 2050 net zero target. There are three main technologies for decarbonising domestic heating – heat pumps, hydrogen boilers and heat networks.
John Breakell, Partner at EY, talks through some of the challenges and opportunities of delivering decarbonised energy. You can listen to the second episode of the Net Zero Nudge podcast here.
An innovation expert has welcomed a move to up the incentive for big business to spend on R&D, saying it could be a boon in the UK’s quest to be a leader in the energy transition.
The latest podcast box set series from Energy Voice Out Loud and EY, the Net Zero Nudge, is leading the conversation on how to nudge behaviour – by consumers, government and industry - to drive the shift to net zero.
In the first episode of a new podcast boxset, Energy Voice and EY drill down into what is needed to move the UK’s decarbonisation plans forward. Up first is an examination of how changing our energy consumption may provide in that drive to net zero.
Leaders from across the energy sector praised measures outlined in the Queen’s Speech to accelerate renewables and net zero efforts, but decried a lack of efficiency measures and short-term support for consumers.
By Derek Leith, EY global head of tax for Oil & Gas
The reduction in fuel duty announced in the Chancellor’s spring statement highlights that in the short to medium term he will have to wrestle with the re-emergence of the energy trilemma: simply put, how does the government address the competing demands of energy affordability, energy security and sustainability?
On July 14, 2021 the EU unveiled its much anticipated ‘Fit for 55’ package of proposals to align the trading block with its 2030 emission reduction targets.
Simec Atlantis Energy shares have slumped in early trading after it called an emergency meeting to raise £341,000 to pay out a shareholder and replace its auditor, EY.