Tagged: Osborne

2013 Spring Budget Boost For Frackers

2013 Spring Budget Boost For Frackers

The big UK fracking story of the week was on 20th March, the budget speech by George Osborne. After exempting the pottery industry amongst others from the Climate Change Levy, and announcing more subsidies for the declining North Sea industry he said: “But I also want Britain to tap into...

Your Involuntary Investment in Shale Gas

Your Involuntary Investment in Shale Gas

One of the little discussed issues around the recent announcement that the government is going to throw tax breaks at an industry which insists it doesn’t actually want or need them (see https://www.refracktion.com/index.php/fracking-and-the-budget/) is that it turns us all into investors in this business, as it is now OUR money...

Fracking and the Budget

Fracking and the Budget

As expected George Osborne used his budget speech on Wednesday to express government support for the fracking industry. He said: In the spending round, we will provide support for energy-intensive industries beyond 2015. For the North sea, we will this year sign contracts for future decommissioning relief, the expectation of...

The Office for Unconventional Gas

The Office for Unconventional Gas

What we do NOT need is another government body costing more tax payers’ money and making life easier for Mr Osborne’s friends like Lord Browne by “streamlining” and “simplifying” the already inadequate regulatory regime.

Fracking company admits its investors may be losing patience

Fracking company admits its investors may be losing patience

#Fracking company admits its investors may be losing patience Cuadrilla may not be prepared to wait much longer. “If we get a negative decision this week, we would have little alternative than to walk away,” Mr Egan said. We have proven that there is gas and that it will flow....