OEUK Urges UK Government to Back Homegrown Energy for Cheaper Bills, Jobs and Net Zero – Scottish Business News

OEUK urges UK government to back homegrown energy for cheaper bills, jobs and net zero – Scottish Business News

Leading trade body urges government to back homegrown energy production over imports to protect British industry, cut bills, and drive net zero Offshore Energies UK has published a plan calling for industry and government to develop a new national energy strategy that places home produced energy at its core. With the UK Government currently consulting on a new industrial strategy, OEUK says the success of any such plan hinges on one critical fac…

OEUK says action needed on windfall tax to secure jobs, boost energy security and build for the future

The leading trade body, Offshore Energies UK (OEUK), has said the Government should remove the windfall tax on oil and gas profits by 2026. They are calling for it be replaced it with a competitive long-term mechanism that responds to future price shocks to encourage necessary investment in the UK’s energy future. The call comes as the Government’s consultation aimed at developing a predictable response to future price shocks, closed at midnight…