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Tax
Electric Car
New G20 Irritant for Biden: Restrictive U.S. Electric Vehicle Tax Subsidies
Electric vehicles (EVs) shuttled G20 delegations and security forces across the southern tip of Bali this week in a symbolic show of Indonesia's ambitious energ…
Crude Oil
India Raises Windfall Tax on Crude Oil
India has raised a windfall tax on crude oil to 10,200 Indian rupees ($125.22) per tonne from 9,500 rupees per tonne, a government order said on Wednesday.
Electric Car
Will Britain’s EV Owners Have to Pay Road Tax for the First Time?
Reports claim Chancellor Jeremy Hunt is expected to announce road tax for EVs in the Autumn Statement this week.
Natural Gas
Canada's Ontario to Extend Gas, Fuel Tax Cut for a Year
The Ontario government said on Sunday it will extend a fuel and gas tax cut first introduced last spring by another year to help residents cope with high inflat…
Crude Oil
UK Considering Big Increase in Energy Windfall Tax, Sources Say
British finance minister Jeremy Hunt is considering a big increase in a windfall tax on oil and gas firms and extending it to power generation firms as he tries…
Electric Car
COP27: U.S. In Talks With EU on Electric Car Tax Credits
The United States is listening to the concerns of European counterparts about the trade tensions triggered by the Biden administration's clean vehicle subsidies…
Crude Oil
UK’s Market-Defying North Sea Oil IPO Falls Flat
After braving high-level market volatility in Britain’s biggest IPO of the year, North Sea oil and gas producer Ithaca Energy warned that any further boost to …
Net Zero Emission
MIT Amps up Research to Reduce Methane Emissions by 2030
One of the most notable climate change provisions in the 2022 Inflation Reduction Act is the first U.S. federal tax on a greenhouse gas (GHG).
Alok Sharma Calls for Increased Windfall Tax After BP Bumper Profits
Cop26 president says 'excessive profits' must be treated in 'the appropriate way' when it comes to taxation.
Electric Vehicle Charging
Bp Pulse Unveils Plans for Gigahub EV Fast-Charging Network
Los Angeles International Airport is the first planned location for the hub, with the network serving ride-hailing and taxi fleets.
Oil Price
Italy’s Windfall Tax on Energy Companies Needs to Be Rewritten - PM
Italy needs to rewrite its windfall tax on energy companies that have benefited from surging oil and gas prices, Prime Minister Giorgia Meloni told parliament o…
Net Zero Emission
Ottawa and Alberta Clash Over Who Must Pay to Lift Canada’s Carbon Capture Credits
Canada's federal government and the main oil producing province of Alberta are at odds over who should pay to bolster tax credits and scale up a crucial technol…
United Kingdom
UK Renewables and Nuclear Generators Face Windfall Tax as Government U-Turns Again
Westminster is trying to break the link between high gas prices and electricity revenue.
EU
European Commission – Demand Reduction and Taxes to Tackle Energy Costs
The European Commission has tabled an ‘emergency intervention’ to tackle the spiralling energy prices in the face of the Russia-Ukraine conflict.
Oil & Gas Trade
New UK Prime Minister Opposes Windfall Tax on Energy Companies
UK's new Prime Minister Liz Truss said she was against the windfall tax on oil and gas companies operating in the UK.
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