Comments by "Greg Greg" (@SlowhandGreg) on "What would new oil and gas licences mean for energy security and the climate?" video.

  1. no it won't the oil extracted currently 80% isn't going to the UK if we really wanted to conserve it for ourselves it would be owned by us all where doing now is subsidising energy companies to the tune of 170 billion if we had sensible energy policy it would all be government owned we would burn gas for heating only and conserve our national resource
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  2. 80% goes abroad currently and they pay no tax so what's the benefit
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  3. we have a shortage of energy in the UK this puts energy into the world market and its not exported from the UK its all owned and run by global corporations when was the last time there was tax paid on the North Sea?
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  4.  @MyName-cw4yr  Decommissioning costs The regulator found the costs would be between £45 billion and £77bn. These can be written off against tax basically cleaning up the mess they've made. This is a small sample of the stories round fossil subsidies Quote Shell and BP paid zero tax on North Sea gas and oil for three years Firms defend paying no corporation tax after government handed out billions to energy giants Shell and BP, which together produce more than 1.7bn tonnes of greenhouse gases a year, have not paid any corporation tax on oil and gas production in the North Sea for the last three years, company filings reveal. Endquote Quote More than £8bn of North Sea energy projects could now be given the green light rapidly as fossil fuel firms take advantage of a tax break in Rishi Sunak’s windfall tax, analysts have forecast. EndQuote
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