Kwarteng questions if windfall tax will end
Former Chancellor Kwasi Kwarteng has raised doubts following Wednesday’s Autumn Budget as to whether the windfall tax on oil and gas profits will ever end.
Former Chancellor Kwasi Kwarteng has raised doubts following Wednesday’s Autumn Budget as to whether the windfall tax on oil and gas profits will ever end.
The Tories and Labour clashed on energy policy as the General Election campaign focused on the prospect of cheaper household bills.
Politicians are being warned not to turn the environment into a “culture war” after the General Election was called.
UK Prime Minister Rishi Sunak is committing hundreds of millions of pounds over the next decade to Britain’s nuclear deterrent and energy infrastructure as part of a “critical national endeavour” to safeguard the industry and protect the country.
The prime minister was asked to rule out concerns the Chancellor is teeing up a longer tax levy – despite Tories slamming Labour for suggesting a higher rate.
The prime minister writes about his government's plans for the vital energy industry as the Scottish Conservative conference begins in Aberdeen.
Politicians are vowing to roll back green policies and downplaying climate change ahead of key elections on both sides of the Atlantic, casting doubt on whether countries can maintain momentum in the transition away from fossil fuels.
We are now approaching the run-in to a General Election, possibly short and probably long. Either way, we will be heading for the polls later this year, clutching our photo identification.
Upstream oil and gas is the main segment of the UK offshore energy industry likely to be impacted by uncertainty of a general election, top dealmakers have said.
Rishi Sunak will pledge to spend £1.6 billion on climate projects, as the British premier arrives at the COP28 summit trying to show leaders the UK remains committed to the cause after he watered down his government’s green agenda and promised to boost oil and gas exploration.
iNPIPE PRODUCTS has hosted prime minister Rishi Sunak at its base in North Yorkshire as the firm looks to expand.
Sixteen Just Stop Oil protesters have been arrested following a demonstration outside the Prime Minister's west London home calling for a halt on fossil fuel exploration in the UK.
Greta Thunberg, alongside Fossil Free London, staged protests outside of Guildhall in the City of London during the prime minister's speech at the Lord Mayor’s banquet.
As well as potentially violating international law, officials advised Sunak's office that increasing North Sea extraction would increase carbon emissions.
The UK Government plans to award North Sea oil and gas licences every year in new legislation being announced this week.
Setting out how the Prime Minister's recent net-zero policy delays would affect future emissions is "not appropriate", Claire Coutinho has said.
A majority of Scots back the decision to go ahead with drilling in the Rosebank oil field, a poll suggests.
Former Bank of England Governor Mark Carney has accused Rishi Sunak of questionable economics over his decision to postpone environmental measures and start drilling for oil in the North Sea.
Recently, Prime Minister Rishi Sunak announced plans to water down the UK's phasing out of gas boilers in homes as part of a rollback on green energy policies.
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.
Tory voters in the UK still favor the nation’s net zero climate target and want the government to help them go green, according to research by Onward, a conservative think tank.
The once-booming UK offshore wind industry faces years of pain, including project delays and possible cancellations, due to soaring costs and higher interest rates.
Jobs, investment and confidence are all at risk, warned a plethora of industry bodies and campaign groups.
UK Prime Minister Rishi Sunak said he would roll back some green energy policies while sustaining the country’s long-term carbon emission reduction target, a move that sparked a backlash among Tory MPs and created uncertainty for industry.
Most people in Scotland back Rishi Sunak's decision to grant new oil and gas licences, according to new research on public attitudes to the future of the energy industry.