Business and Energy Secretary Jacob Rees-Mogg resigns
Jacob Rees-Mogg, Secretary of State for Business and Energy and Industrial Strategy (BEIS), has reportedly resigned from his position following the appointment of Rishi Sunak as Prime Minister.
Rishi Sunak
OEUK urges Sunak to use UK’s remaining gas and oil
Offshore Energies UK (OEUK) has underlined the need for fiscal and regulatory stability as Rishi Sunak prepares to enter Number 10.
From windfall taxes to wind bans: PM Sunak’s record on energy
Rishi Sunak has been named leader of the Conservative Party following Liz Truss' resignation last week, and will take the reins at a turbulent time in British politics.
Greenpeace ‘occupy’ Westminster to demand ‘proper windfall tax’
Greenpeace activists “occupied” the House of Parliament on Monday to call for a “proper windfall tax” on oil and gas companies.
Rishi Sunak to become prime minister after winning Tory leadership race
Rishi Sunak has been confirmed as the new Tory leader and will become Britain’s next prime minister.
Shell CEO has ‘flung open a door on windfall tax’
Shell (LON:SHEL) CEO Ben van Beurden has “flung open a door on windfall tax which the UK Government had been trying to close”.
North Sea windfall tax forecast to raise £2bn more than originally thought
Proceeds from the UK Government’s windfall tax are expected to top £7 billion this year, about £2bn more than originally thought.
Brian Wilson: Energy crisis met with policy vacuum
It’s a couple of months since I suggested the energy crisis would be as big as Covid and thereby demand the same scale of response. It wasn’t a very fashionable thought but perceptions have moved rapidly – everywhere, except where it matters most, in government.
Siemens Energy report outlines Net Zero strategy for Truss
Siemens Energy says delivering energy security and a net zero electricity system by 2035 must be a ‘national endeavor’ ahead of today's Parliamentary Reception.
Liz Truss wins Tory leadership contest to become prime minister
Liz Truss will be the UK’s new prime minister after beating Rishi Sunak to take over the Conservative party.
Sturgeon: ‘There should be another windfall tax’
First Minister Nicola Sturgeon has said there should be another windfall tax on the North Sea, and other firms making similar profits.
Sunak rules out freezing UK energy price cap as Truss holds back
Rishi Sunak has ruled out freezing the UK’s energy price cap if he becomes prime minister, while his rival Liz Truss warned against “throwing money” at a short-term fix for the looming winter bills crisis.
5 things you need to know about the next prime minister after Perth Hustings
Rishi Sunak and Liz Truss set out their plans to halt another independence referendum, but clashed over competing Tory policies to sort out a cost-of-living crisis.
Sanjoy Sen: Next PM should ensure Britain can withstand future energy shocks
You know what they say? Be careful what you wish for.
Poll: Majority of Scots back North Sea industry ahead of aspiring PMs visit north east
A vast majority of Scots say they are in favour of the UK producing its own oil and gas rather than relying upon imports from overseas, according to a poll published as the two who are competing to be elected the UK’s next Prime Minister come to Scotland.
Next PM urged to shut down windfall tax ‘speculation’ as candidates visit north-east Scotland
The next Prime Minister has been urged to back the energy sector and shut down windfall tax "speculation" as Liz Truss and Rishi Sunak visit North-east Scotland today.
Labour proposes extending windfall tax on oil and gas firms
Labour has proposed extending Britain’s windfall tax on oil and gas companies, saying the proceeds should be used to fund a total freeze on energy bills over the winter.
Truss rejects new UK windfall tax while Sunak’s open to the idea
Conservative leadership front-runner Liz Truss ruled out a fresh windfall tax on energy companies if she becomes prime minister, while her opponent Rishi Sunak vowed to find up to another £10 billion to help Britons pay for soaring power bills.
OEUK sends letter to ‘the next prime minister’ urging commitment to North Sea renewables
Offshore Energies UK (OEUK) has written a letter urging the future prime minister to prioritise reliable and cleaner energy produced in the UK.
Liz Truss and Rishi Sunak invited to Aberdeen to explain North Sea oil and energy plans
The two candidates vying to become the next prime minister have been urged to listen to the voice of industry over the UK’s critical energy future.
Sunak to cut VAT on energy to revive UK Tory leadership bid
Rishi Sunak pledged to scrap value added tax on all domestic energy bills for the next year if he becomes UK prime minister, a move his leadership rival, Liz Truss, criticized as a U-turn.
Next Prime Minister faces 150% energy price shock for UK
Every UK prime minister expects to face challenges. Few would imagine that they might have to spend billions of pounds to make sure people don’t freeze in their homes during winter.
North Sea bosses seek urgent windfall tax meeting with new Chancellor Zahawi
North Sea industry leaders are seeking an urgent meeting with the new Chancellor, Nadhim Zahawi, on the windfall tax.
Decommissioning rebates exempt from windfall tax as government throws industry a bone
Tax repayments related to losses incurred by removing North Sea assets will not be touched by the energy profits levy.
New Chancellor Nadhim Zahawi must battle rising prices and calls for tax cuts
Nadhim Zahawi inherits a raft of cost-of-living problems following the resignation of Rishi Sunak as chancellor.