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windfall tax

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
Queen's Speech: What is - and isn't - on the government's green agenda for the year ahead?

Politics

Queen's Speech: What is - and isn't - on the government's green agenda for the year ahead?

The war in Ukraine, cost of living crisis, and imminent local elections all underscore the need to accelerate the net zero transition - but fresh Treasury support for decarbonisation efforts appears unlikely

clock 28 April 2022 • 9 min read
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