UK Oil and Gas Industry Hits Emissions Target Four Years Early

The UK oil and gas industry has hit one of its emissions reduction targets four years early, Offshore Energies UK, the industry association, reported, citing increased power system efficiency. “Oil and gas will remain essential for decades to come,” said Mark Wilson, OEUK’s director of health, safety, environment and operations, as quoted by Bloomberg. “It is better from all points of view — financial, environmental, and social — that energy comes from our own homegrown North Sea supplies.

Under this program, the oil and gas industry is seen as mostly a source of funding for the construction of more wind and solar installations. To that end, the Starmer government has removed an investment incentive from the profit tax regime for the energy industry, which would see the total tax burden for oil and gas operators rise to 78%.

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

Where the computer industry went wrong – the early hitsA personal collection of the memorable missteps and fumbles
Källa: TheRegister - 🏆 67. / 61 Läs mer »

Blantyre gas company welcomes pupils for industry insightStudents from four schools in Hamilton and East Kilbride took part in the workshops marking Gas Safety Week.
Källa: Daily_Record - 🏆 9. / 89 Läs mer »

‘People are walking away’: UK windfall tax hits North Sea oil investmentPolicy uncertainty and Labour’s levy plans threaten fall in production and jobs in ageing oil basin, executives warn
Källa: FT - 🏆 113. / 51 Läs mer »