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United Kingdom · Question · Written question

UIN 93497

Fossil Fuels: Carbon Emissions

answeredUnited Kingdom· UK Parliament· EN

Introduced

22 November 2022

Last action

30 November 2022 · Answer

Status

Answered

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Discovery layer

Source updated

30 November 2022

Summary

To ask the Chancellor of the Exchequer, what recent estimate he has made of (a) how much oil and gas companies will spend on upstream decarbonisation and (b) by how much the investment allowance for decarbonisation for oil and gas companies will reduce to

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Timeline

  1. 22 November 2022

    Written question

    To ask the Chancellor of the Exchequer, what recent estimate he has made of (a) how much oil and gas companies will spend on upstream decarbonisation and (b) by how much the investment allowance for decarbonisation for oil and gas companies will reduce to

    Source: Commons

  2. 30 November 2022

    Answer

    The Energy Profits Levy (EPL) was introduced in May in response to sharp increases in oil and gas prices over the past year. At the Autumn Statement 2022, the Chancellor announced that the rate of the levy would rise by ten percentage points to 35%, effec...

    Source: Written answer

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