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UK: New oil and gas tax changes set to protect energy security and British jobs

The Energy Profits Levy, which puts a marginal tax rate of 75% on North Sea oil and gas production, will remain in place for the next five years while oil and gas prices remain higher than historic norms – but this will fall back to 40% when prices consistently return to normal levels for a sustained period.
North Sea Oceans General United Kingdom Energy Security Investment Mechanism Energy Price Energy Profits Levy

ICIS: EU Hydrogen Bank could bring renewable hydrogen costs below €1/kg

By Jake Stones, hydrogen editor at ICIS ICIS data shows that renewable hydrogen could be sold for below €1/kg if a producer obtains the maximum support provided by the European Hydrogen Bank, according to the heads of terms for the bank published by the European Commission on 31 March. The...
Commodity Intelligence Services Innovation Fund European Commission European Hydrogen Bank Jake Stones European Hydrogen

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