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David Whitehouse
6
source-backed facts
1 publication
Politics
Business
politics · New Dispatch
All 403 Labour MPs were sent an urgent letter warning them not to pull punches on North Sea energy.
“All 403 Labour MPs warned ‘not to pull punches’ on North Sea energy in urgent letter to back homegrown power”
403
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politics · New Dispatch
OEUK estimates that a freer approach to drilling could generate more than £13 billion in Treasury revenue over the next decade.
“The OEUK estimates that with a freer approach to drilling, revenues of more than £13billion could come to the Treasury over the next decade.”
more than 13 billion pounds
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business · New Dispatch
OEUK represents almost 500 companies involved in North Sea energy.
“OEUK represents almost 500 companies involved in North Sea energy, from oil and gas to renewables.”
about 500
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business · New Dispatch
The Energy Profits Levy currently sets an effective tax rate of 78 % of profits.
“Operators are also subject to the Energy Profits Levy (EPL), or windfall tax, that sets an effective rate of 78 per cent of profits.”
78 %
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politics · New Dispatch
Norway issued 57 new oil and gas licences in January of the current year.
“He pointed out that Norway, which has a centre-left Government, issued 57 new oil and gas licences in January this year.”
57
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politics · New Dispatch
The replacement of the windfall tax with the Oil and Gas Price Mechanism is scheduled for 2030.
“The change is currently due to take place in 2030.”
2030
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