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Energy Subsidies in the UK - Submission to the Environmental Audit Committee inquiry

Energy Subsidies in the UK – Submission to the Environmental Audit Committee inquiry

In April 2013, the Environmental Audit Committee launched an inquiry into Energy Subsidies in the UK. This inquiry was planning to “investigate what should constitute ‘subsidy’, the extent of energy subsidies in the UK for nuclear energy, fossil fuel energy and renewables, and what the Government should be doing to identify and eliminate those subsidies...
Groups oppose European Bank's plan to fund oil drilling in Egypt

Groups oppose European Bank’s plan to fund oil drilling in Egypt

Cairo/ Brussels May 27, 2013 On Wednesday 29 May, the European Bank for Reconstruction & Development (EBRD) will vote on whether to make a $40 million loan to Kuwait Energy to drill and extract oil in Egypt. Egyptian and international organisations are pushing the board of the public multilateral bank to reject the loan –...
BP is planning a $40 bn pipeline and wants us to subsidise it

BP is planning a $40 bn pipeline and wants us to subsidise it

BP pushed for major subsidies at the European Bank for Reconstruction & Development (EBRD) AGM in Istanbul last weekend, while hyping the grand scale of its Euro-Caspian Mega Pipeline plans. Between speeches by Prime Ministers and sessions on “Supporting Growth Amidst Austerity”, oil companies revealed their intentions to spend $40 billion expanding Europe’s gas grid...
The battle of definitions: ‘no subsidies for the oil industry’

The battle of definitions: ‘no subsidies for the oil industry’

The oil and gas industry enjoys no subsidy from government, nor are we asking for any. – said last week by Oil&Gas UK CEO Malcolm Webb at the Oil Politics conference at Aberdeen University (I should mention that there were several more substantial conversations at this conference that I will take a little time to write...
Egypt bails Jordan out with gas worth $2bn - despite own energy & financial crisis

Egypt bails Jordan out with gas worth $2bn – despite own energy & financial crisis

Middle East Monitor reported that The Egyptian Ambassador to Jordan, Khaled Tharwat, has denied media reports which claim that Egypt intends to reduce the amount of natural gas exported to Jordan prior to cutting off the supply completely by June. In a press statement published by official Jordanian media outlets, Ambassador Tharwat said, “There is...
Osborne's tax breaks for North Sea oil and a Thatcherism flashback

Osborne’s tax breaks for North Sea oil and a Thatcherism flashback

Back in the 70s, the UK and Norway took two very different approaches to the roughly equal share of North Sea oil and gas that they had within their territorial waters. With state-owned oil company Statoil at the helm, Norway cautiously put aside profits and levies from other oil companies operating within its fields into...
Making a Killing: Oil Companies, Tax Avoidance and Subsidies

Making a Killing: Oil Companies, Tax Avoidance and Subsidies

Oil company mega-profits are being made at the expense of the public purse, as youth centres shut, hospitals struggle and the queues at food banks grow. Companies like BP & Shell receive major government support including direct subsidies and military and diplomatic services, but seem to pay very small amounts of UK tax in comparison...
A secret military subsidy - pirates and oil corps

A secret military subsidy – pirates and oil corps

New Internationalist featured a blog from Platform on our new briefing A Secret Subsidy: Oil companies, the Navy and the response to piracy. Here’s what we wrote: This week the Combating Piracy Conference has been taking place in London, behind closed doors. This industry-organised event brings together representatives from European Union, NATO and oil and...

Controversial Cairo PPP refinery receives $3.7 billion from World Bank, EIB, EFG Hermes

A refinery expansion inside urban Cairo is receiving hundreds of dollars in "development" lending, despite a popular campaign against construction. The Mostorod Refinery Project – part-owned by private equity firm Citadel Capital – is situated in Northern Cairo, between Shobra El-Kheima and Mostorod. Opposition to the public-private partnership has focused on forced evictions, pollution and...
Degrees of Capture - Universities, the Oil Industry and Climate Change

Degrees of Capture – Universities, the Oil Industry and Climate Change

This report examines the relationship between the oil and gas industry and the UK higher education sector, and assesses this in the context of climate change. It asks if some parts of the higher education sector have been ‘captured’by the industry. The report looks in detail at how much influence oil and gas companies have...