COP27: UN secretary-general calls for windfall tax on fossil fuel companies
The UN secretary-general has called on all industrialised countries to tax the windfall profits of fossil fuel companies.
Cuadrilla’s owner spent $1m+ in UK in 2021 despite operations “on hold”
The Australian owner of the shale gas company, Cuadrilla, spent $1.107m in the UK in 2021 (about £655,000 at current rates), even though its licences were “on hold” because of the fracking moratorium.
“Climate change will not affect our operations” – Rathlin Energy
The East Yorkshire based oil and gas firm, Rathlin Energy, has said climate change will not affect its future operations.
Minister avoids question on fracking tax relief
The energy minister, Greg Hands, sidestepped a question about the investment tax allowance proposed under the windfall tax for oil and gas companies.
“Largely non-operational” Cuadrilla profits from tax relief
Tax relief has pushed the shale gas company, Cuadrilla, into profit, company accounts have revealed.
May 2022 headlines
Keep up to date with May 2022’s news with our digest of daily updated headlines about the business, regulation and campaigns around UK fracking, shale, and onshore oil and gas.
No way forward for fracking two years after 2.9ML earthquake
Two years after the UK’s strongest fracking-induced earthquake, there’s no agreement on how to manage shale gas risks, an exploration company said today.
March 2021 headlines
Keep up with March 2021’s news with our digest of daily updated headlines about the business, regulation and campaigns around UK fracking, shale, and onshore oil and gas. Click here for headlines from previous months. Please let us know if we’ve missed something important contact@DrillOrDrop.com Key headlines Balcombe well test […]
UK tax benefits boost finances of Cuadrilla’s Australian owner
The Australian mining company that owns Cuadrilla is back in profit, partly thanks to benefits from the UK tax system.
MPs launch inquiry into climate assembly report
MPs have promised to monitor how quickly the government implements recommendations of the UK’s citizens’ assembly on climate change.
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