windfall tax

Party insists it remains fully committed to borrowing to invest in UK green economy if it wins next election, but acknowledges it will not achieve £28bn target until second half of Parliament

Oil and gas giant slammed over failure to investment more in clean energy after record profits saw it hike dividends and announce share buyback scheme

Treasury yesterday published technical note finalising details of its controversial new levy on clean electricity generators, sparking fresh warnings tax could undermine green investment

Latest evidence of support for onshore renewables development comes as government faces further splits over controversial coal mine planning decision

Industry groups fear windfall tax on clean energy generators and new taxes for electric vehicles could slow net zero transition

Chancellor poised to announce new multi-billion pound investment programme in bid to cut UK energy demand by at least 13 per cent this decade

Dozens of media organisations release joint editorial calling for governments to boost climate funding by ramping up taxes on the fossil fuel industry

PM and Chancellor reportedly intend to extend Energy Profits Levy to solar, wind, and nuclear generators as part of plans to increase rate on oil and gas firms

Government said to be exploring options after Shell reveals it received a tax rebate from UK last quarter, despite bumper profits

Industry urges Business Secretary to rethink legislation that would give government sweeping powers over energy market in light of change of Prime Minister