Energy bodies warn green growth at ‘severe risk’ without new support
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.
Jeremy Hunt
North Sea windfall tax raises 25% less than expected in December
The windfall tax on North Sea oil and gas producers raised nearly 25% less than expected for Treasury coffers last month.
‘Populism before pragmatism’: Tory front bench blamed for Harbour Energy jobs cuts
Rishi Sunak and Jeremy Hunt are being held responsible for planned job losses at the UK North Sea’s largest producer.
Wind firm to take UK Govt to court over ‘smash and grab raid’ on electricity generators
A major investor in UK wind energy plans to take the government to court over its “smash and grab raid” on renewables generators.
‘Many’ North Sea operators reconsidering 2023 investment due to windfall tax
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.
Windfall tax: Top producer Harbour Energy to shun North Sea licensing round
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.
Windfall extension “a tax too far” sector tells Hunt in key meeting
An expanded windfall tax undermines firms’ ability to invest in the North Sea, sector representatives told Chancellor Jeremy Hunt in a key meeting on Friday, though they failed to secure concessions.
Oil firms seek windfall tax price floor in meeting with Jeremy Hunt
Chancellor Jeremy Hunt is due to hold a meeting on Friday on the windfall tax, Energy Voice understands, with oil and gas executives seeking a price floor to the levy.
Tax, energy policy must make electricity cheaper than gas: CCC boss
The head of the Climate Change Committee (CCC) says government policy must focus on efficiency and ensure electricity is cheaper than gas in a bid to “transform the economics of low-carbon heat”.
R&D spend relief increase a boost to UK’s energy transition, says expert
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.
Windfall tax risks ‘destroying’ North Sea production, Tory MPs warn Chancellor
Tory MPs have told Chancellor Jeremy Hunt that the windfall tax on oil and gas companies needs to be watered down to avoid an “existential threat” to the North Sea.
WATCH: BP boss grilled by MP on lack of answers on windfall tax payments
A boss at BP was grilled for his lack of answers on a windfall tax "loophole" by an MP at a House of Commons Committee this week.
Reports: Oil giant Shell to review £25bn of spend after windfall tax hike
Supermajor Shell (LON: SHEL) is to review as much as £25 billion of UK investments following the government’s decision to ramp up the windfall tax.
Autumn budget ‘borne out some of worst fears’ for North Sea
Energy analysts have given their take on Jeremy Hunt’s decision to ratchet up the North Sea oil and gas windfall tax.
EIC claim raising energy profits levy could harm UK supply chain
Following the new Budget yesterday the Energy Industries Council (EIC) has said that raising taxes on net income could drive investments outside of the UK.
Government go ahead for Sizewell C nuclear power station
The Government is to press ahead with building a new nuclear power plant at Sizewell C in Suffolk, the Chancellor announced.
Contractors ‘buried in bad news’ with no budging on IR35 rules
Chancellor Jeremy Hunt has been criticised for his U-turn in abolishing IR35 reforms, and today's "budget doesn’t help matters", according to one specialist.
Hat tip for CCS, but no update on ‘Track 2’ process from chancellor
Jeremy Hunt has failed to give an update on long-awaited plans for the second part of the government’s carbon capture and storage (CCS) competition.
Chancellor’s £54bn windfall tax ‘threatens to drive out UK investment’
Electricity generators and North Sea oil firms are to be hit by a £54bn windfall tax under plans unveiled today, which the industry said “threatens to drive investment out of the UK altogether”.
‘No more tax changes after this’: Industry execs with key asks on Autumn Budget windfall tax
With an expected surge in the windfall tax in today's Autumn Budget, North Sea industry executives have set out their key asks for chancellor Jeremy Hunt.
Harbour Energy boss pleas with chancellor over windfall tax
Harbour Energy (LON: HBR) chief executive Linda Cook has issued a public plea to the chancellor to rethink much-expected changes to the windfall tax.
UK weighs new 40% windfall tax on electricity generators
UK Chancellor Jeremy Hunt is considering a new 40% windfall tax on the “excess returns” of electricity generators as part of his sprawling package of tax rises and spending cuts this week, according to a person familiar with the proposal.
With the Autumn Budget due, a North Sea windfall tax expansion looms
There was once a time when grandiose economic statements were something of a collector’s item.
Industry outrage as government mulls North Sea windfall tax increase to 35%
The UK Government is mulling an increase to the North Sea windfall tax to 35%, Energy Voice understands, in a move which executives said threatens billions of pounds of investment.
Exclusive: North Sea firm urges chancellor for ‘small fields’ windfall tax allowance
A North Sea firm has asked Jeremy Hunt to provide a “small fields allowance” in the windfall tax, reinstating legislation from George Osborne’s era in the Treasury.