EMEA > Compliance Markets & Taxes > UK ETS reforms may cost oil major £30 mln hike in carbon costs, say analysts

UK ETS reforms may cost oil major £30 mln hike in carbon costs, say analysts

Published 16:17 on August 18, 2023 / Last updated at 16:51 on August 18, 2023 / / EMEA (Compliance Markets & Taxes, Europe)

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Proposed reforms to the UK carbon market could result in oil and gas major seeing a near £30 million rise in permit costs due to the inclusion of certain emissions in the scheme from the production of offshore fossil fuels, according to an analyst report published in August, though the overall impact on the sector of the changes will be "minimal".
Proposed reforms to the UK carbon market could result in oil and gas major seeing a near £30 million rise in permit costs due to the inclusion of certain emissions in the scheme from the production of offshore fossil fuels, according to an analyst report published in August, though the overall impact on the sector of the changes will be "minimal".


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