Category: Energy industry

Victoria’s bold emissions target could be a turning point. Now here’s what we have to do | Jono La Nauze

What flew under the radar during the election campaign is actually one of the most ambitious climate goals of any place in the worldDuring the final weeks of the Victorian election campaign, Daniel Andrews took to wearing a State Electricity Commission…

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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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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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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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‘Vital’ energy security bill must be brought back, says Labour

Shadow climate minister says Britain is losing the race to create green jobsUK politics live – latest news updatesLabour has accused the government of being “highly irresponsible” in sidelining a crucial piece of energy legislation, arguing that Britai…

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