Category: Business

BP declines to reveal how much ‘loophole’ saved it in windfall tax

MPs hear concerns that investment in North Sea oil and gas reduces the tax, effectively rewarding fossil fuels over renewables BP declined to reveal how much windfall tax it would have paid without an investment “loophole” when being questioned by MPs …

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‘We’ve got no choice’: locals fear life as lab rats in UK hydrogen heating pilot

In Whitby, just outside Ellesmere Port, residents wait to hear whether their village will be chosen On the site of an old leisure centre, a U-shaped trio of temporary offices sit alongside a neat lawn and fledgling shrubs. Named the “hydrogen experien…

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Chancellor extends energy windfall tax to ‘low carbon’ generators

Jeremy Hunt proposes to raise £14bn by also raising levy to 35% and extending it by two yearsPolitics live – latest news and reaction on UK budget plansAutumn statement 2022: key points at a glanceJeremy Hunt hopes to raise £14bn next year after increa…

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After Mike Cannon-Brookes’ shake-up, AGL now faces the challenge of pivoting away from power stations | Tristan Edis

Boardrooms around Australia will be noting what shareholders can do if you don’t take climate change issues seriouslyMike Cannon-Brookes and his collaborators have succeeded in sending shock waves throughout the boardrooms of major companies around Aus…

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A windfall tax on energy generators? Sure, but the devil is in the complex detail

Excess profits look set for a levy in the autumn statement – but first define ‘excess’ and for whom“It’s like entering a lottery: you know something’s coming your way, but you’ve got no idea exactly what,” says one chief executive of a large UK electri…

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