🚨BREAKING: New analysis has found that Equinor is set to receive a £3.75 billion tax break if Rosebank is approved.

Instead of supporting the millions of people in the UK struggling to survive, the UK is massively subsidising a new climate wrecking oil field.

#StopRosebank Thanks to an incredibly generous tax system for fossil fuel companies and the massive loophole for new oil & gas fields in the windfall tax, the UK government now effectively covers 91.4% of the cost of developing new oil & gas fields.

You read that right. More than 90%.

Right now the UK government is considering approval of @Equinor's Rosebank oil field.

If Rosebank goes ahead, it'll be a disaster for the climate and cost the UK taxpayer billions of pounds.

Here's why we have to stop this oil field...🧵
theguardian.com/environment/20… Just burning the oil & gas in existing fields will push us past the limits for a liveable climate.

Scientists have said time & time again (the last time was Monday) that we can't have any new oil & gas fields if we want to limit warming to 1.5C.

This means no Rosebank.

Tomorrow, Norwegian state-owned oil giant @Equinor is set to announce more profits than BP & Shell COMBINED.

We’re with @YCCNetwork for a vigil outside the Norwegian embassy, demanding the Norwegian government stop profiting off of climate-wrecking projects like Rosebank🕯️ The Norwegian govt, as majority owners, bear a huge responsibility over Equinor’s actions.

We’re asking Norway to think again about its support for Rosebank when we’re in the middle of not just a climate crisis but a cost of living crisis driven by burning fossil fuels.