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UK government takes major steps forward to secure Britain’s energy independence

Report from: GOV.UK The Business and Energy Secretary announces further measures to help secure the UK’s energy independence. Business and Energy Secretary Grant Shapps today launches a landmark package to invest now to help secure Britain’s energy independence. Today the government is driving forward plans to build a secure energy future, creating cheaper, cleaner energy…

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What is the windfall tax on oil and gas companies?

Report from: BBC News The government is extending the windfall tax on oil and gas companies operating in the North Sea. The levy was introduced in May but will now carry on for longer at a higher rate. There had been calls to increase the tax after Shell and BP reported huge profits. How much…

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UK releases first tranche of £10m support to help restore Ukraine’s energy system

Report from - Energy Live News It follows Russia’s widespread missile and drone strikes, which have particularly targeted Ukraine’s electricity supply, since October 2022 The UK has released the first tranche of a £10 million commitment to help rebuild Ukraine’s energy infrastructure damaged as a result of Russian attacks. Foreign Secretary James Cleverly said an initial…

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