Author Archive

U.K. Pledges Tax Breaks for Shale Gas, Low Emissions Cars

Bloomberg: U.K. Chancellor of the Exchequer George Osborne offered tax breaks to low emissions vehicles while promising support for shale gas developers and energy- intensive industries in his annual budget today. Osborne told lawmakers the U.K. will support the manufacture of “ultra-low emission vehicles” with tax incentives. He also said he’ll bring in a “generous new tax regime” to promote early investment in shale gas, and will exempt ceramics and other industries from the climate change levy, a tax...