Frack on! Osborne unveils ‘most generous’ shale gas tax break

Chancellor George Osborne has announced a 30% tax break for fracking companies in the UK in a bid to kick-start a shale gas revolution in the country. The Government said it is the “most generous” regime for shale gas “in the world” – less than half the 62% rate that the oil and gas industry […]

Dong-Siemens deal highlights UK’s renewables potential

The €2.5billion (£1.6billion) offshore wind project between DONG Energy and Siemens could help the UK become a potential leader in offshore renewables, according to WWF. The comment was made after the Danish and German firms announced the agreement today to install a total capacity of 1.8GW turbines in the UK. WWF, however, said the UK […]

UK Treasury ‘actively undermining’ renewables industry

The UK Treasury is “actively undermining” the renewables sector in the country despite its potential for growth, the WWF said. The comment was made after UK Ministers failed to reach an agreement today on the proposals for renewable energy, risking delays in projects to help Britain reach its 2020 target. A DECC spokesperson said: “We […]

Shale “incompatible” with UK climate change goals

Green groups have reacted with dismay to news today that the UK is likely to go ahead with shale gas extraction. A report given to DECC today recommends several measures to mitigate the risks of seismic tremors from hydraulic fracturing, or ‘fracking’, but some are warning the implications of allowing the process to go ahead […]

Green groups slate support for ‘dying’ industry

Environmental groups have reacted with anger to George Osborne’s budget today. The Chancellor said the Government was preparing a range of measures to extract the “greatest possible amount of oil and gas from our reserves in the North Sea.” Jenny Banks, energy policy officer at WWF-UK said the support for oil companies announced in the […]