Home › George Osborne unveils 'most generous tax breaks in world' for fracking
 

Keywords :   


George Osborne unveils 'most generous tax breaks in world' for fracking

2013-07-19 01:16:00| Climate Ark Climate Change & Global Warming Newsfeed

Guardian: George Osborne has infuriated environmentalists by announcing big tax breaks for the fracking industry in a bid to kickstart a shale gas revolution that could enhance Britain's energy security but also increase its carbon emissions. The Treasury has set a 30% tax rate for onshore shale gas production. That compares with a top rate of 62% on new North Sea oil operations and up to 81% for older offshore fields. So far, no shale gas has been produced in Britain, but exploratory drilling is under...

Tags: world george tax breaks

Category:Electronics and Electrical

Latest from this category

All news
»
02.10Tropical Depression Eleven-E Forecast Advisory Number 5
02.10OpenAI value surges to $157bn in funding deal
02.10Hurricane Kirk Graphics
02.10Tropical Depression Eleven-E Forecast Discussion Number 5
02.10Hurricane Kirk Forecast Discussion Number 13
02.10Tropical Depression Eleven-E Wind Speed Probabilities Number 5
02.10Tropical Depression Eleven-E Public Advisory Number 5
02.10Summary for Tropical Depression Eleven-E (EP1/EP112024)
More »