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windfall tax

'Grotesque greed': UN Secretary-General urges governments to tax fossil fuel firms' 'excessive' profits

Politics

'Grotesque greed': UN Secretary-General urges governments to tax fossil fuel firms' 'excessive' profits

UN chief argues oil and gas firms' profiteering off the energy crisis is 'punishing the poorest and most vulernable people, while destroying our home'

clock 04 August 2022 • 4 min read
The cure to the cost-of-living crisis? A fossil fuel detox and retrofit revolution

Policy

The cure to the cost-of-living crisis? A fossil fuel detox and retrofit revolution

The government must revamp its 'half-hearted' windfall tax to divert fossil fuel firms' bumper profits into home energy efficiency upgrades and support for low-income households, writes Ashden's Harriet Lamb

clock 04 August 2022 • 4 min read
Reports: Government pauses plan for electricity generator windfall tax

Policy

Reports: Government pauses plan for electricity generator windfall tax

FT reports controversial proposals are now unlikely to proceed, as Tory leadership candidates tout tax-cutting plans

clock 12 July 2022 • 2 min read
An energy windfall tax too far?

Energy

An energy windfall tax too far?

New paper from Energy UK warns extending windfall tax to cover power generators would seriously undermine net zero transition and push up energy bills in the long term

clock 08 June 2022 • 6 min read
'A sticking plaster': The green economy reacts to Energy Profits Levy and household bills support

Taxation

'A sticking plaster': The green economy reacts to Energy Profits Levy and household bills support

Green business figures, campaigners, politicians, academics and energy experts give their verdict on the government's windfall tax U-turn

clock 26 May 2022 • 15 min read
Government taps oil and gas profits to help pay for fresh £15bn energy bills support package

Politics

Government taps oil and gas profits to help pay for fresh £15bn energy bills support package

U-turn will see oil and gas firms to help pay additional 25 per cent windfall tax on profits to help pay for fresh measures to support households with soaring energy bills

clock 26 May 2022 • 8 min read
The UK's net zero target is under threat because there's no plan to pay for it

Policy

The UK's net zero target is under threat because there's no plan to pay for it

Building decarbonisation is critical to delivering a net zero Britain, but neither the Treasury nor Scottish government have set out a vision for how a mass green homes retrofit programme could be funded, writes Glasgow Caledonian University’s Keith Baker...

clock 26 May 2022 • 4 min read
Reports: Sunak orders plan for windfall tax on power companies and oil and gas producers

Policy

Reports: Sunak orders plan for windfall tax on power companies and oil and gas producers

Propposed levy set to extend beyond oil and gas firms and include a tax on the earnings of electricity generators benefitting from soaring prices, according to government insiders

clock 24 May 2022 • 4 min read
Reports: Oil and gas firms under pressure to boost UK investment or face windfall tax

Energy

Reports: Oil and gas firms under pressure to boost UK investment or face windfall tax

Reports indicate Chancellor Rishi Sunak has not entirely ruled out windfall tax, as pressure mounts on government to offer more help for households struggling with soaring energy bills

clock 11 May 2022 • 3 min read
Shell: Record profits spark fresh calls for windfall tax

Infrastructure

Shell: Record profits spark fresh calls for windfall tax

Oil and gas giant says stellar financial performance is 'crucial for Shell to play a leading role in the energy transition'

clock 05 May 2022 • 4 min read
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