In the budget today, the Chancellor George Osborne announced plans for a new “alternative environmental tax”, as a result of reforming or scrapping the Carbon Reduction Commitment. The Carbon Reduction Commitment, also known as the CRC Energy Efficiency Scheme, is designed to reduce the energy consumptions of the largest businesses in the UK, by placing them in a league table … Read More
Which? calls for carbon price to be scrapped
The consumer watchdog has begun a campaign to get the carbon floor price scrapped, saying that it is nothing but a burden on UK energy consumers and businesses. The program is designed to encourage energy suppliers to generate more from low-carbon technologies, but Which? says that it will add to our bills without really changing how the suppliers invest. It’s … Read More
COP17: Durban Platform means Kyoto II in 2015
After weeks of stalling climate talks, 194 countries finally managed to agree to sign up to Kyoto II in 2015, after agreeing a new text known as the ‘Durban Platform’. A week ago it looked likely that talks would fall apart as they did in Copenhagen , seemingly with China, India and the US all at loggerheads over signing the … Read More
Centrica close Morecambe Bay gas field
Centrica have taken the decision to leave Britain’s largest gas field shut. The Morecambe Bay gas field in the North Sea, owned by British Gas parent company Centrica, is to remain closed. Centrica blamed the new taxes on profit gained from North Sea production as the reason for the closure.
Centrica threaten North Sea gas field closure
Centrica has threatened to close one of the UK’s major gas fields over a tax dispute Centrica has closed three gas fields in Morecambe Bay for one month of maintenance, but has claimed it may not re-open one of them due to increased taxes. George Osborne increased the tax on supplementary gas production from 20% to 32% in this year’s … Read More
Chris Huhne has talks with oil companies
The Energy Secretary yesterday met with the major oil companies to discuss the new taxes on oil and gas extraction in the North Sea Executives from the big oil companies are said to have had “Full and Frank discussions” with Chris Huhne, in a bid to get their concerns over last week’s budget recognised. They have warned that tens of … Read More
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