The UK Exchequer’s dependence on fossil fuel income
Andrew Simms, David Woodward, James Leaton, Petra Kjell
22 October 2006
How fossil fuel profits could be taxed to fund a clean energy economy.
Research from NEF and WWF reveals the paradox of the UK Treasury hooked on income from the oil and gas sector, yet missing a never-to-be-repeated opportunity to invest in the transition to a sustainable energy system by failing to tax surplus profits from oil.
The research calls on the government to follow the broad example set by Norway, which established an Oil Legacy Fund to finance renewable energy.
If you back a recovery plan based around great public services, protecting the planet and reducing inequality, please support NEF to build back better.
Ayeisha Thomas-Smith is joined by Kate Aronoff, staff writer at the New Republic
01 April 2021
With eight months until the COP climate summit, cutting our only major green stimulus policy doesn’t exactly scream ‘climate leadership’.
31 March 2021
Ayeisha Thomas-Smith is joined by Laurie Laybourn-Langton, co-author of the new book Planet On Fire, and NEF trustee
19 March 2021
The problem with our global food system – and how to fix it
01 February 2021