Alok Sharma

Oil and gas companies lash out at Labour’s new windfall tax plans – POLITICO

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Oil and gas companies lash out at Labour’s new windfall tax plans – POLITICO

A Labour spokesperson said Friday evening that the party’s plans would “create good jobs in all parts of the country” and that the opposition represented the “party of business and stability for their investments” “We have been consistent that a proper windfall tax means raising the rate of the windfall tax to match the rate … Read more

New oil and gas law risks UK’s green cred, says former climate chief – POLITICO

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New oil and gas law risks UK’s green cred, says former climate chief – POLITICO

LONDON — A new law to introduce annual licensing rounds for North Sea oil and gas exploration is a “distraction” that risks undermining the U.K.’s green “credibility” on the world stage, the country’s former top climate diplomat has warned. MPs will vote on the government’s Offshore Petroleum Licensing Bill for the first time on Monday. But … Read more