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19/07/2013
Govt Proposed 50% Tax Break For Fracking Firms
Tax on the incoming generated by shale gas could be reduced by 50%, in plans that would make the UK the "most generous" regime for shale gas in the world, the government said.
Found in underground shale rock formations, the government have proposed cutting the tax from 62% to 30%.
George Osbourne has been quoted as saying that shale gas production represents "huge potential" for the UK.
However, environmentalists have been strongly criticised the government, with Greenpeace saying that the disruption caused to communities effected by fracking – the technique used to extract the gas – would outweigh any gains.
(MH)
Found in underground shale rock formations, the government have proposed cutting the tax from 62% to 30%.
George Osbourne has been quoted as saying that shale gas production represents "huge potential" for the UK.
However, environmentalists have been strongly criticised the government, with Greenpeace saying that the disruption caused to communities effected by fracking – the technique used to extract the gas – would outweigh any gains.
(MH)
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13 December 2012
UK Fracking Given Green Light
Fracking has been given the go-ahead by the UK government, despite the controversy surrounding the technique. Fracking involves pumping a mixture of water, sand and chemicals into a well to force the gas from rock. The Energy Secretary Ed Davey said it was a potential new energy resource for the UK.
UK Fracking Given Green Light
Fracking has been given the go-ahead by the UK government, despite the controversy surrounding the technique. Fracking involves pumping a mixture of water, sand and chemicals into a well to force the gas from rock. The Energy Secretary Ed Davey said it was a potential new energy resource for the UK.
20 November 2014
Chemical Giant To Invest In UK Shale Gas Extraction
Ineos is to invest around £640m ($1bn) in shale gas exploration and production in the UK, according to a report by the BBC. It is understood the company plan to use the gas as a raw material in its chemical plants such as Grangemouth.
Chemical Giant To Invest In UK Shale Gas Extraction
Ineos is to invest around £640m ($1bn) in shale gas exploration and production in the UK, according to a report by the BBC. It is understood the company plan to use the gas as a raw material in its chemical plants such as Grangemouth.
24 January 2014
'Fracking Could Boost Economy' - David Cameron
Prime Minister David Cameron has said that shale gas extraction through fracking could boost the UK economy and encourage the return of businesses. Speaking at the World Economic Forum in Switzerland, David Cameron said that fracking could be a "fresh driver" of UK growth, highlighting that it is already "flooring" energy prices in the US.
'Fracking Could Boost Economy' - David Cameron
Prime Minister David Cameron has said that shale gas extraction through fracking could boost the UK economy and encourage the return of businesses. Speaking at the World Economic Forum in Switzerland, David Cameron said that fracking could be a "fresh driver" of UK growth, highlighting that it is already "flooring" energy prices in the US.
13 January 2014
Total Acquires 40% Interest In Shale Gas Exploration Licences
Total has announced that it has acquired a 40% interest in two shale gas exploration licences in the United Kingdom. The interests are in Petroleum Exploration & Development Licences 139 and 140 in the Gainsborough Trough area of the East Midlands region of the UK, which cover an area of 240 km2.
Total Acquires 40% Interest In Shale Gas Exploration Licences
Total has announced that it has acquired a 40% interest in two shale gas exploration licences in the United Kingdom. The interests are in Petroleum Exploration & Development Licences 139 and 140 in the Gainsborough Trough area of the East Midlands region of the UK, which cover an area of 240 km2.
30 November 2010
Corporation Tax Reform To Create 'Competition'
The Government has published details of its Corporate Tax Reform programme consisting of a series of essential reforms designed to improve the UK's tax competitiveness. Measures include the introduction of new Controlled Foreign Company (CFC) rules and a commitment to introduce a Patent Box.
Corporation Tax Reform To Create 'Competition'
The Government has published details of its Corporate Tax Reform programme consisting of a series of essential reforms designed to improve the UK's tax competitiveness. Measures include the introduction of new Controlled Foreign Company (CFC) rules and a commitment to introduce a Patent Box.
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