On October 30 2024, the Labour government delivered their first Budget since 2010. The Budget introduced some key changes for the energy industry, including the Energy Profits Levy and Relief for payments made into a Carbon...more
11/14/2024
/ Autumn Statement ,
Carbon Capture and Sequestration ,
Consultation ,
Corporate Taxes ,
Electricity ,
Energy Projects ,
Energy Sector ,
Environmental Impact Statements ,
Federal Budget ,
Green Energy ,
Liquid Natural Gas ,
Offshore Drilling ,
Oil & Gas ,
Renewable Energy ,
Tax Levy ,
UK
The UK's new Labour Government’s first Budget has revealed key measures, aiming to support the UK’s transition into cleaner energy. Whilst many changes are largely positive for the renewable sector, the Budget does highlight...more
The Energy Act 2023 (the “Act”) (in force as from 26 October 2023) amends model clauses contained in exploration and production licences to introduce requirements for consent to be obtained from the North Sea Transition...more
Whilst the UK’s hydrogen policy was established by the Ten Point Plan in November 2020, the 2021 Hydrogen Strategy was intended to stimulate the next steps for hydrogen energy development and delivery. The strategic goals...more