And the owners of the field are already well prepared. They've already setup business structures to apparently avoid £1bn in UK tax ...
Shell and Equinor’s have setup a new company "Adura". The deal allows Shell to write off £1.3 billion in UK tax bills and Equinor to obtain income as it struggles to get Rosebank off the ground.
Meanwhile calls to reduce Government assistance for renewable energy generation grows ever louder ('cos apparently "we can't afford it").
I'm sympathetic to the "we can't afford it" argument.
Not literally, but instead that making the UK net zero is going to be costly, and the economic harm is minimised if we are at the forefront of this globally, but not too far ahead. The difference in climate terms of us doing it 10 years sooner is basically zero, so the costs of trying are basically fairly futile.
You will argue that climate change itself is going to cost even more. That may well be, in which case the economic argument is why pay more for both, when there is sod all we can do about climate change while idiots are in charge of vastly higher CO2 emitting countries.
Slowing down process to a target isnt the same as reversing course like in the US, and the distinction between that target being a long time or a very long time away makes probably difference whatsoever to the global discussions.
