Labour’s North Sea Windfall Tax Sparks Industry Backlash | ZeroHedge

Via OilPrice.com,

  • Over 40 energy sector companies have voiced their concerns over Labour's proposed windfall tax increase, warning it could lead to significant job losses.

  • The tax hike, intended to fund green initiatives, has been criticized for potentially hindering investment in both fossil fuels and transition technologies.

  • While the government argues the tax is necessary for the UK's clean energy transition, industry leaders believe it will have a detrimental (more…)

Continue ReadingLabour’s North Sea Windfall Tax Sparks Industry Backlash | ZeroHedge

Visualizing How The G20 Generates Electricity | ZeroHedge

This graphic, via Visual Capitalist's Bruno Venditti, shows how much electricity is generated from renewable sources among G20 countries.

The data is based on Ember’s yearly and monthly electricity reports as of 2023. Data for Saudi Arabia is not available.

Brazil Leading in Renewable Energy

The global average for renewable electricity is 30%, but nearly half of the G20 countries fall below this average.

Brazil leads the G20 in renewable electricity, with 89% of (more…)

Continue ReadingVisualizing How The G20 Generates Electricity | ZeroHedge

US Natural Gas Is America’s Clean Energy Standard | ZeroHedge

Authored by  Jason Hayes & Timothy G. Nash via RealClearEnergy,

Abundant and affordable energy drives America’s powerful and productive economy. That’s been true throughout our nation’s history, and America’s recent achievement of energy independence provides the most concrete illustration of that (more…)

Continue ReadingUS Natural Gas Is America’s Clean Energy Standard | ZeroHedge