UK windfall tax can fund switch to green jobs for North Sea oil workers – report

Exclusive: Campaigners call for energy profits levy to be made permanent to enable ‘just transition’ from fossil fuelsMaking permanent the UK’s windfall tax on oil and gas producers would generate enough cash to enable North Sea workers to move to green jobs, research has found.Cutting current subsidies to fossil fuel producers would free up yet more funds to spend on the shift to a low-carbon economy, according to the report. Continue reading...

May 12, 2025 - 14:34
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UK windfall tax can fund switch to green jobs for North Sea oil workers – report

Exclusive: Campaigners call for energy profits levy to be made permanent to enable ‘just transition’ from fossil fuels

Making permanent the UK’s windfall tax on oil and gas producers would generate enough cash to enable North Sea workers to move to green jobs, research has found.

Cutting current subsidies to fossil fuel producers would free up yet more funds to spend on the shift to a low-carbon economy, according to the report. Continue reading...