The British finance minister was mostly mute on climate change, renewable energy and the Paris Agreement, but re-announced oil and tax breaks for the North Sea industry in his mini budget today.
In his first speech as Chancellor, MP Phil Hammond reconfirmed the UK Government’s commitment to tax breaks for oil and gas firms to drive investment in the North Sea.
However, he was also as mute over removing the proposed business rates increase for commercial solar installations.
Energy chiefs across the industry spectrum mostly lamented a litany of lost opportunities and ‘could do better-s’.
Sector-specific details – covering the oil, gas, renewables, solar and nuclear energy industries are also published separately on www.ScottishEnergyNews.com