The government has just announced that they are ending new oil and gas exploration in the UK and have started a plan for workers and communities to transition away from fossil fuels.
New Rosebank owner Adura looks to be exploiting a loophole that allows Shell to write off profits against Equinor’s tax losses.
Explained: How does oil and gas licensing work?
In spite of repeated warnings from climate experts, the UK is planning a licensing round later this year, which would shoot us past the critical temperature threshold. But how does it all work, and why is campaigning important at every stage of the process?
Climate groups threatens legal action over “unlawful” consultation period on windfall tax legislation
Following a formal request to extend the public consultation period of the Energy Profits Levy Bill on the grounds of it being unlawfully short, climate campaigners have sent a pre-action letter to HMRC warning of legal action if the government does not allow more time for scrutiny of the bill.
The cost of living crisis is a climate justice issue - and our government is failing people and planet alike
The cost-of-living and climate crises are intimately linked. The profiteering of energy firms is largely behind the massive increase in energy and fuel costs, yet the UK remains the most profitable country for oil and gas companies. Our reliance on these dirty fuels is driving up bills domestically, and accelerating climate impacts worldwide.
The Catastrophic Consequences of the Chancellor's Energy Levy Loophole
The Chancellor announced that there would be a 91% tax relief for new oil and gas investments. This loophole for oil and gas producers is bad news for the climate and bad news for the many people struggling with the cost of living, who will likely see a repeat of the energy bills crisis come winter.
New Jackdaw gas field means public lose out on over £200m of windfall tax
UK taxpayers are set to lose out on over £200 million in windfall tax due to the government approving just a single, new North Sea gas field according to analysis of Rystad Energy data by the campaign group Uplift. The Jackdaw gas field, however, will not lead to lower energy bills and will do next to nothing for UK energy security.
BREAKING: The UK Government has approved Jackdaw
Earlier today, the UK Government announced its approval of the Jackdaw gas field. But we’re not going anywhere. We will continue to explore every possible avenue to stop this field and all new fields from going ahead.
