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alex thomson Profile picture
@alextomo
Feb 8, 2022 • 10 tweets • 2 min read • Read on X
OIL, GAS & UK TAX - the following fact sheet from Uplift may be worth reading for everyone on the day BP post a 30x last quarter profit explosion….
Since the Paris Climate Agreement UK has given well over £4 billion of your money to oil companies mostly to pay for clearing up their mess in the N Sea - politely known as decommissioning…
The total cost of tax reliefs to the oil and gas industry was £3 billion in 2019-20, according to UK Government data. The UK’s tax regime makes it the most profitable country in the world for oil and gas companies to develop big projects…
In 2019 for each barrel of oil the UK received $1.72 in tax while Norway received to $21.35 In 2017 for each barrel of oil the UK received $1.86 in tax while Norway received $13.53…
Shell paid $1.8 billion in tax to Norway in 2020 but received £99.1 million in tax back in from the UK gov.The UK was the only country where Shell operates where it didn’t pay tax, according to the company’s annual report on payments to governments…
In 2019, BP paid no tax on its UK North Sea oil and gas business. BP’s effective corporation tax rate was minus 54%, compared to UK’s corporation tax rate of 19%. Source (BP’s 2019 tax report, page 47)…
On decommissioning: the UK transfers the cost of decommissioning (capping wells, breaking up rigs etc) from the polluters to the UK taxpayer. Govt calls this a “tax rebate”, but it fits WTO subsidy definition…
HMRC estimates that the cost to the UK taxpayer to support the industry for decommissioning will be £18.3 billion. (OGA/HMRC)…
The benefits of colossal subsidy and tax relief have not stopped job losses. Oil and Gas UK estimates that up to 30,000 oil and gas workers could lose their jobs by then end of 2021. The RMT union believes that 12,000 jobs were lost in 2020…
Shell received $99.1 million in tax back from the UK in 2020, according to its accounts. The company increased its dividend in 2021 weeks after announcing plans to cut 330 North Sea jobs. CEO Ben van Beurden took home $7 million in 2020. ENDS

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More from @alextomo

alex thomson Profile picture
Jul 21, 2023
BREAKING NEWS: United Utilities, the largest corporate landowner in England, is pulling grouse shooting on its moorland by way of not renewing its leases when they come to an end…
Its grouse shooting leases cover many high profile moorland landscapes, including the Forest of Bowland AONB, the Goyt Valley, Longdendale Valley, and the West Pennines. With this in mind, this is a major shift in direction which opens up these spaces for natural recovery…
United Utilities told @Channel4News : “We made the decision some time ago not to issue or renew any leases on a long term basis …where we own the sporting rights…to ensure the best possible outcomes for water quality…”
Read 4 tweets
alex thomson Profile picture
Jul 6, 2023
EXCLUSIVE: Former Minister Zac Goldsmith says Privileges Committee would have been “sacked and replaced almost on day one” if it were a court of law….coming up tonight on @Channel4News
In 1st TV interview since resignation, fmr Minister Zac Goldsmith speaks to Channel 4 News on the ‘kangaroo court’ and questioned on whether it was a factor in his resignation, before coming close to accusing Rishi Sunak of lying over the £11.6 billion promise over the climate.
On government in disintegration: 
“A byelection in and of itself isn’t necessarily a problem - it’s a problem if the party is low in the polls and has lost the confidence of people.”
Read 12 tweets
alex thomson Profile picture
Mar 22, 2023
Exclusive: The government is facing legal complaint for failing to take action over dirty diesels after new research finds millions of vehicles still pumping out high levels of pollution across Europe - suggesting many could be fitted with illegal “defeat devices”. @channel4news… twitter.com/i/web/status/1…
Seven years ago the ‘Dieselgate’ scandal revealed German carmaker Volkswagen had been using devices that hid how much pollution their vehicles caused when they were being tested…
When the vehicles were driven on normal roads, emissions were found to be as much as 40x higher….
Read 8 tweets
alex thomson Profile picture
Nov 14, 2022
Monday morning so have some very good news. The pace of green tech change from the four biggest global polluters appears to speeding faster than the promises their Govts - away from COP here is a real-world picture from ECIU Energy And Climate Intelligence Unit …
China: installing 165 GW of renewables this year, up 25% on previous year; electric vehicles sales projected to be 6m in 2022, double those of non-EV cars in 202…
United States: second only to China for deployment of solar and wind, with forecasts they could generate 85% of power from renewables by 2030; on electric vehicles, some forecasts of sales suggest they could be half of all new cars bought in 2030
Read 6 tweets
alex thomson Profile picture
Jul 18, 2022
Historic High Court ruling finds UK government’s climate strategy ‘unlawful’
In a landmark victory for climate justice that comes as the UK faces its hottest day on record, the High Court has ruled that the government’s Net Zero Strategy breaches the Climate Change Act…
Mr Justice Holgate finds that the Net Zero Strategy, which sets out plans to decarbonise the economy, doesn’t meet the government’s obligations under the Climate Change Act to produce detailed climate policies that show how the UK’s legally-binding carbon budgets will be met.
It also finds that parliament and the public were effectively kept in the dark about a shortfall in meeting a key target to cut emissions. The ruling states that Greg Hands, the minister for business, energy and industrial strategy, who was responsible for signing off …
Read 4 tweets
alex thomson Profile picture
Mar 27, 2022
Here is page 1. It’s all clearly drafted by Cabinet Office lawyers. The original request went in in December. They are supposed to deal with it within 20 working days under the Act. This page proves they hold the info and believe they are exempt from the Act from giving it to you
Page 2 the CO says the info would prejudice its the investigating itself & the police investigation. Remember when this request was made there was no police investigation because the CO and Met agreed the police would go away.
Page 3 here the CO argues if they disclosed the information it would stop people coming forward & co-operating. It might encourage them to co-operate. Also what use is an inquiry reliant upon voluntary co-operation? Also I am not asking for new info - merely existing info
Read 9 tweets

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