UK Windfall Tax Here to Stay Despite Energy Sector Overhaul | OilPrice.com

Contributing sentiments towards policy:

52% : Robin Allan, chairman of the association, told City A.M. he welcomed today's announcement of funding for new carbon capture projects and at least 100 further North Sea oil and gas licences, but warned that that the country's "broader fiscal regime remains uncompetitive.""We look forward to responding to the planned review of taxes on the sector.
49% : Meanwhile, Ithaca Energy has been locked in talks with the government over the UK's investment climate before it moved forward with commitments for Rosebank, as first reported by City A.M.More work to do, warn analystsFree market think tanks remain sceptical, with Andy Mayer, energy analyst at the Institute of Economic Affairs, predicting that the latest announcements will "do little to encourage investments frightened away by windfall taxes."Maxwell Marlow, director of research at the Adam Smith Institute, told City A.M.

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