Cairn's tugs drag icebergs out the way of its Arctic oil drilling rig
Ever since last month’s Budget, oil
companies have been complaining about George Osborne’s tax on North Sea oil
and gas. Yet many have just announced record profits - boosted considerably by current sky-high oil prices. What do they take us for?
Posted by jamie -
24 March 2011 at 3:32pm -
8 Comments
So yesterday's budget was from the
self-proclaimed 'greenest government ever', but was it the greenest
budget ever? How could it be, when it has done nothing to break our addiction
with oil, hobbled the Green Investment Bank before it's even started, and
provided a windfall for nuclear power.
Posted by tracy.frauzel -
21 March 2011 at 7:10pm -
8 Comments
The government will present the budget on Wednesday and
motorists are hoping George Osborne will make fuel cheaper for them as energy
prices soar. While this may ease the wallet squeeze in the short term, the last
year has shown us that we are at the mercy of world events for fuel prices – first
with BP’s oil spill in the Gulf and now because of unrest in the Middle East. And the consequences of these events are
more far reaching than pump prices.
A briefing prepared in advance of the 2011 UK government budget, explaining how the chancellor's decisions will affect the Green Investment Bank, clean energy schemes, transport solutions and the carbon levy.
Posted by jossc -
23 June 2010 at 11:37am -
3 Comments
While George Osborne was busy launching the most swingeing budget cuts in a generation yesterday, he went out of his way to stress that he was being "tough but fair" – and that the pain of his austerity measures would be shared by everyone.
But hey - apparently companies involved in nuclear arms building wont be sharing the pain. This was made clear by new Defence Secretary Liam Fox when he presented his plans for a Strategic Security and Defence Review (SDSR) to parliament.
Posted by louise -
8 April 2010 at 3:53pm -
0 Comments
Cuts, cuts, cuts! – the papers are full of debate about the budget, whether it was radical enough, what cuts different political parties are going to make if they get elected, what should be protected, what should be axed, when they should act…
Yet so far our politicians are missing the easiest cut of all. Cutting plans to waste money on new nuclear weapons which, as last year's In the Firing Line investigation revealed, will cost UK taxpayers a shocking £97 billion over the next 30 years.
Posted by jossc -
25 March 2010 at 3:06pm -
0 Comments
The chancellor promises £1bn for clean energy projects, but much more will be needed
Although heavily trailed by the chancellor’s supporters as an environmental budget, in the end it turned out to be a lot less than a comprehensive green win.
Despite Mr Darling’s assurances that he gets the need for tougher carbon reduction targets, he backed away from raising fuel duty and found more money for motorways under pressure from road lobbyists.
Posted by jossc -
8 December 2009 at 11:13am -
0 Comments
What a pain it must be to be in charge of the nation's finances in these challenging economic times. It's easy to imagine the Chancellor, Alistair Darling, working feverishly into the night in a frantic attempt to make the sums at least appear to add up as he prepares for tomorrow's crucial pre-budget report. But what to cut when everything is a 'tough choice' - education, the NHS, or the unthinkable alternative - raising taxes?
Posted by jossc -
22 April 2009 at 1:20pm -
0 Comments
All eyes were glued to the TV in the office this lunchtime to see whether Alistair Darling's budget would deliver the kind of changes we need to see if we want to give ourselves the chance to keep the lid on climate change.
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