Chancellor confirms increase in oil and gas windfall tax
The UK’s first female chancellor, Rachel Reeves, confirmed in her budget today that the windfall tax on oil and gas profits will be increased.
The UK’s first female chancellor, Rachel Reeves, confirmed in her budget today that the windfall tax on oil and gas profits will be increased.
Oil production has been suspended at Horse Hill in Surrey, the site at the centre of a landmark ruling by the Supreme Court.
Environmental lawyers have called for immediate enforcement action to stop “unauthorised” oil extraction at Horse Hill.
The authority which unlawfully granted planning permission for oil production at Horse Hill is continuing to “review the matter”, a spokesperson said this morning.
Nine Extinction Rebellion campaigners blocked the entrance to the Horse Hill oil production site in Surrey this morning in a protest over its continued operation despite the quashing of planning permission by the Supreme Court.
The use of anti-protest injunctions in the UK is being challenged by Friends of the Earth at the European Court of Human Rights.
Keep up to date with March 2024’s news with our digest of daily updated headlines about the business, regulation and campaigns around UK fracking, shale, and onshore oil and gas.
Rishi Sunak’s delays to net zero targets have divided his party, united industry with environment and attracted criticism from the government’s climate advisor.
MPs debated the Queen’s Speech this week, which included measures which ministers said would curb protest and promote energy security. DrillOrDrop has compiled a selection of Westminster comments on these issues.
Updated 24 April 2020 The investment bank, VSA Capital, has hinted that politics, rather than science, could overturn the moratorium on onshore fracking in England.