Ithaca Energy, one of the largest oil and gas producers in the UK, has reduced investments and is deferring some projects this year and next, due to the burden of the windfall tax Britain has […]
In a truly heartwarming display of corporate compassion, Wael Sawan, the CEO of Shell, has openly mused about the possibility of abandoning the UK to make even more money elsewhere. It seems that pesky ‘windfall’ […]
Authored by Alexander Zhang via The Epoch Times, The government has announced it will remove the windfall tax on oil and gas companies if energy prices fall to “normal levels.” The temporary windfall tax was […]
A major investor in UK wind energy plans to take the government to court over its “smash and grab raid” on renewables generators. Community Windpower has told ministers it will sue in an effort to block […]
ENB Pub Note: This is another policy that will not work. Windfall profit taxes are an admission that the government’s policies failed. They will do nothing but make the problems worse. Windfall profit taxes have […]
ENB Publisher Notes: Seems to us Europe loves high oil prices? Comment below on where you think this will push oil prices The European Commission proposed Sept. 14 a temporary tax on the ‘surplus profits’ […]
British lawmakers have officially approved a 25% windfall tax on oil and gas producers that will earn the government nearly $6 billion in one year to put towards surging consumer energy bills. Now that the […]
India has imposed windfall tax on oil producers and refiners who have boosted product exports to gain from higher overseas margins as the government seeks to increase local supply of fuels to meet rising demand […]
UK Chancellor of the Exchequer Rishi Sunak remained committed to his windfall tax on oil and gas profits despite protests from industry executives during their first meeting since the announcement. Sunak, who said last month […]
ENB Publishers Note: Windfall taxes do not solve anything, except give the government more money to waste. A windfall tax on generators could risk future investment into energy infrastructure, impacting the transition to net zero […]
Copyright © 2023 | Sandstone Group