The Washington Post • 2022-05-27

U.K. imposes windfall tax on oil and gas company profits as inflation bites

Chancellor Rishi Sunak's measure comes as inflation hits multi-decade highs following the Russian invasion of Ukraine.

Sky News • 2022-05-27

Green levies - why scrapping them wouldn't lower your bills as much as claimed

Ofgem has confirmed the true amount of electricity bills taken up by "green levies" - and it is much less than claimed.

Sky News • 2022-05-26

Windfall tax 'damaging' for net zero plans and energy security, businesses say

The windfall tax announced by the chancellor will be "damaging" for the UK's net zero plans and energy security, the Confederation of British Industry has said.

Reuters • 2022-05-26

UK tax plan incentivizes oil, gas producers to pump more fossil fuels

The British government's 5 billion pound ($6.29 billion) windfall tax plan for oil and gas producers includes an incentive for those producers to pump more fossil fuels, riling climate activists who had called for the tax.

Independent • 2022-05-28

Sunak’s ‘obscene’ tax relief for fossil fuel firms will ‘cost taxpayer £1.9bn a year’

“The truth is that big oil and gas companies will take this as a green light from government to double down on extraction, without a thought for the climate,” said one politician

Independent • 2022-05-31

Oil tax relief spend could have cut emissions by insulating 2m homes

The money could have been used to insulate two million British homes by 2025, according to the think tank