Write For Us

Daily Climate Show: Oil firms to pay surprise 25% windfall tax

Sponsored Post Vitamin D2 Canada Persia
31 Views

  • Thanks! Share it with your friends!

    You disliked this video. Thanks for the feedback!

ava
Published
Chancellor Rishi Sunak announces a surprise 25% tax on oil and gas profits, but there are fears that this could impact overall investment in green energy

The measure will be phased out when energy prices return to normal, but companies will get 90% in tax relief for any profits that they invest.

Labour criticised the government for taking a long time to introduce the measure, saying that they had proposed more support when the cost of living crisis began.

It's hoped that the funding will be used to help families with soaring energy bills.

For the latest developments: https://qrcode.skynews.com/skynews/ukraineblog

SUBSCRIBE to our YouTube channel for more videos: http://www.youtube.com/skynews

Follow us on Twitter: https://twitter.com/skynews
Like us on Facebook: https://www.facebook.com/skynews
Follow us on Instagram: https://www.instagram.com/skynews
Follow us on TikTok: https://www.tiktok.com/@skynews

For more content go to http://news.sky.com and download our apps:
Apple: https://itunes.apple.com/gb/app/sky-news/id316391924?mt=8
Android https://play.google.com/store/apps/details?id=com.bskyb.skynews.android&hl=en_GB

Sky News videos are now available in Spanish here/Los video de Sky News están disponibles en español aquí https://www.youtube.com/channel/skynewsespanol
Sky News videos are also available in German here/Hier können Sie außerdem Sky News-Videos auf Deutsch finden: https://www.youtube.com/channel/UCHYg31l2xrF-Bj859nsOfnA

To enquire about licensing Sky News content, you can find more information here: https://news.sky.com/info/library-sales
Category
World
Tags
Sky News, Sky, Climate
Sign in or sign up to post comments.
Be the first to comment