'Britain has just made history': Government confirms ban on oil and gas exploration in new fields

Stuart Stone
clock • 6 min read
Credit: iStock
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Credit: iStock

Government confirms Energy Profits Levy will be replaced by Oil and Gas Profits Mechanism, as it announces details of promised ban on new drilling and exploration licenses

The government has today confirmed it is to ban drilling licences and end offshore exploration in new oil and gas fields in the North Sea, under a plan published alongside changes to its "windfall tax"...

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