Shell calls for fiscal stability as Reeves raises windfall taxes
The Guardian|November 01, 2024
Shell has called on the government to "provide certainty" over the future of the North Sea after the chancellor confirmed plans to toughen its windfall tax on oil and gas profits.
Jillian Ambrose

Rachel Reeves used Labour's first budget in almost 15 years to raise the headline tax rate of the energy profits levy by 3 percentage points to 78% until 2030, and close the "loophole" left by the previous government that enabled fossil fuel producers to reduce their taxes through investment allowances.

The government also promised to consult the industry early next year on how its oil and gas tax regime after 2030 could encourage investment in the sector and respond to changes in the oil price.

Shell's finance chief, Sinead Gorman, said yesterday: "Elected officials just have to balance budgets in the best way they see fit. We have to look for policies that provide certainty... We invest over the long term."

Shell is one of the last remaining of the "oil majors" in the UK's ageing North Sea basin, where there has been an exodus of oil producers in recent years, in part due to the UK's tax changes including the introduction of the energy profits levy by Rishi Sunak in May 2022.

Bu hikaye The Guardian dergisinin November 01, 2024 sayısından alınmıştır.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

Bu hikaye The Guardian dergisinin November 01, 2024 sayısından alınmıştır.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

THE GUARDIAN DERGISINDEN DAHA FAZLA HIKAYETümünü görüntüle
'I constantly just think what if I didn't get Covid?'
The Guardian

'I constantly just think what if I didn't get Covid?'

Olympic 100m champion Noah Lyles on the Paris ups and downs that earneda key rolein thenewseries of Sprint

time-read
6 dak  |
November 29, 2024
'adultification' Watchdog calls for of black children by police to end
The Guardian

'adultification' Watchdog calls for of black children by police to end

The police watchdog for England and Wales has called for urgent measures to stop the \"adultification\" of black children by officers, but campaigners have said the revised guidelines do not go far enough.

time-read
2 dak  |
November 29, 2024
The Guardian

Plan to halt arms aid

Donald Trump's plan to tap the retired US Lieutenant General Keith Kellogg as US envoy to Ukraine and Russia has triggered renewed interest in a policy document he co-authored that proposes ending the war by withdrawing weapons from Ukraine if it does not enter peace talks - and giving even more weapons to Ukraine if Russia does not do the same.

time-read
1 min  |
November 29, 2024
Liverpool fear loss of Konaté and Bradley for City clash
The Guardian

Liverpool fear loss of Konaté and Bradley for City clash

Liverpool could be without the defenders Ibrahima Konaté and Conor Bradley when Manchester City visit on Sunday, with Arne Slot admitting the early signs on the injuries they sustained against Real Madrid are not good.

time-read
1 min  |
November 29, 2024
'Worst experience of my life' Swiatek's positive test leads to one-month ban from tennis
The Guardian

'Worst experience of my life' Swiatek's positive test leads to one-month ban from tennis

Iga Swiatek, the women's tennis world No 2, has received a one-month ban after testing positive for the banned substance trimetazidine (TMZ) in August.

time-read
3 dak  |
November 29, 2024
Hummels ruins Spurs' night with late leveller to delight Ranieri
The Guardian

Hummels ruins Spurs' night with late leveller to delight Ranieri

Tottenham could have no complaints about dropping more points in the Europa League.

time-read
3 dak  |
November 29, 2024
Nkunku and Mudryk keep Chelsea flying
The Guardian

Nkunku and Mudryk keep Chelsea flying

Chelsea moved to within one win of the Conference League last 16 with victory in Heidenheim to maintain their perfect start in the competition.

time-read
1 min  |
November 29, 2024
Højlund doubles up to secure Amorim's maiden win after first-half scare
The Guardian

Højlund doubles up to secure Amorim's maiden win after first-half scare

Ruben Amorim received a rapturous welcome from the Old Trafford congregation, then oversaw a helter-skelter victory in his first home as Manchester United's sixth No 1 of the post-Sir Alex Ferguson era.

time-read
3 dak  |
November 29, 2024
Moshiri pledge over £451m loan if Everton sale drags on
The Guardian

Moshiri pledge over £451m loan if Everton sale drags on

Farhad Moshiri has agreed to convert his £451m loan to Everton into shares if the club have not been sold by the time new Premier League regulations on shareholder loans come into force.

time-read
1 min  |
November 29, 2024
Lampard out to prove critics wrong with Coventry return
The Guardian

Lampard out to prove critics wrong with Coventry return

Former Chelsea manager was 'outstanding candidate' says club's chairman

time-read
3 dak  |
November 29, 2024