New North Sea oil licences a ‘Win-win-win’
31 October 2023
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In the Media
IEA research featured in The Telegraph
31 October 2023
In the Media
IEA research featured in The Mail, The Express, and GB News
31 October 2023
Tax and Fiscal Policy
19 November 2024
Andy Mayer writes for CapX
IEA Energy Analyst Andy Mayer has written for CapX welcoming the decision to grant 27 new North Sea oil drilling licences.
Andy wrote:
“The enthusiasm with which companies like Shell have snapped up the new licenses is surely a riposte to worries that the 75% windfall tax on energy companies would undermine investment. The diversification of supply will reduce our dependency on imports, improve our energy security, and create revenue for the Treasury, which in turn can be used for purposes like investment in a lower carbon future. Win-win-win.”
Read Andy’s full piece here.
Andy wrote:
“The enthusiasm with which companies like Shell have snapped up the new licenses is surely a riposte to worries that the 75% windfall tax on energy companies would undermine investment. The diversification of supply will reduce our dependency on imports, improve our energy security, and create revenue for the Treasury, which in turn can be used for purposes like investment in a lower carbon future. Win-win-win.”
Read Andy’s full piece here.
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