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UK oil & gas investment reaches record high
2013-08-22 01:20:00| Climate Ark Climate Change & Global Warming Newsfeed
BusinessGreen: The UK oil and gas industry has hailed "renewed commitment" from the government after reporting record levels of investment at a time when the coalition's energy policy is facing intense scrutiny. Trade body Oil & Gas UK, which represents offshore operators, said investment levels this year are expected to reach 13.5bn. This represents a 6bn boost on 2012, which it attributed to new tax allowances granted by Chancellor George Osborne aiding new exploration. "The recent sharpening of focus...
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Category:Electronics and Electrical