UK Windfall Tax Here to Stay Despite Energy Sector Overhaul ...Middle East

Downing Street’s latest energy announcements this morning will not lead to a reversal in the controversial windfall tax, despite industry hopes of it being softened to make the country’s investment climate more attractive. Many of the new measures were trailed in the media before they were announced today, including the pledges for carbon capture and storage and at least 100 more oil and gas licences in the North Sea. These proposals will likely provoke a reaction from climate protestors and activists, including Just Stop Oil –…

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