Unlock the editor’s digestion free
FT editor Roula Khalaf, chooses his favorite stories in this weekly newsletter.
The British government said “Urgent Safety” oil and gas oil and gas “Safety Security Security, the window of opportunity to ensure the future of the North Sea is” fast. ”
North sea transition trafficking supported by the British Chambers of Commerce, the ministers decided to replace the “defective” energy interests in 2030.
According to a report broadcast on Monday, 78% of 78% in oil and gas profit was an effective tax rate “invested” on “throtling investment”.
The Industrial Supported Task Group has called for a more proportional regime to be adjustable on the predicted roads of hydrocarbon prices, thus investing in domestic gas to replace more carbon-intensive imports.
The British government has opened a consultation on the manifesto obligation to not submit a financial regime for oil and gas since 2030 and new intelligence drilling licenses.
TaskForce’s associations and supply chains called “widespread concerns about the future of the North Sea, and the ministers are afraid of tens of thousands of fossils.
Since 2030, the oil and gas sector will only return to the payment of permanent taxes, which is currently less than 40 percent, but will automatically contribute if wholesale prices rise to unusual levels.
The task forces, higher taxes are achieved in the thresholds, he said.
“There’s no time to hang around,” he said, Philip Rycroft, Department of Duty Group. “Speed ​​is essentially here – good jobs now vote with your feet.”
The report decided to operate Apache’s UK maritime operations, the North Sea and BP, the combination of Britain’s maritime operations, shooting operations and the work of BP.
Anas Sarwar, the leader of Scottish labor, supported the internal oil and gas growth and energy security. The existing areas in the North Sea can give “a hundred billions of value”, he said.
“When the selection is more expensive than Despotic regimes as Russia or the new oil and gas (from the North Sea), the answer must be oil and gas,” he said.
The task forces also recommended the Committee to manage a minister to manage the transition from oil and gas to the renewable energy.
RYCROFT called the North Sea transfer body to develop a strategic plan by the end of this year, representatives of the “representatives of the treasury, shows and associations”, including the energy of the North Sea transition.
Rycroft also called on the government to adopt the government to ensure the drilling area in agreeing areas.
The energy department said he received “fast steps”, including a fair transition in the North Sea, including sea wind, hydrogen projects and carbon.
Improving campaigns against fossil fuel, more drilling and oil and gas companies will not give a transition to employees to reduce taxes.
“Allowing new drilling work, the investor has serious confidence in the obligation to move away from oil and gas,” he said.
“The ministers should be able to see this report only as an oil and gas industry, they must always do what they do: lobby for low taxes.”
