Bavardage > UK court rejects oil & gas firm’s Brexit ‘net off’ argument in appeal over €4m EU ETS bill

UK court rejects oil & gas firm’s Brexit ‘net off’ argument in appeal over €4m EU ETS bill

Published 16:11 on November 29, 2019  /  Last updated at 16:11 on November 29, 2019  /  Bavardage, EMEA, EU ETS

A British oil and gas firm has lost its appeal over its €4 million EU ETS bill, with a London court rejecting the idea that UK emitters should be able to ‘net off’ allowances unallocated due to Brexit with their surrender obligations.
A British oil and gas firm has lost its appeal over its €4 million EU ETS bill, with a London court rejecting the idea that UK emitters should be able to ‘net off’ allowances unallocated due to Brexit with their surrender obligations.


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