Encore

Why are the oil companies complaining?

Posted by Richardg — 18 April 2011 at 4:41pm - Comments
Cairn's tugs drag icebergs out the way of its Arctic oil drilling rig
All rights reserved. Credit: Will Rose / Greenpeace
Cairn's tugs drag icebergs out the way of its Arctic oil drilling rig

Ever since last month’s Budget, oil companies have been complaining about George Osborne’s tax on North Sea oil and gas. Yet many have just announced record profits - boosted considerably by current sky-high oil prices. What do they take us for?

Article tagged as: budget, cairn, cairn energy, climate change, conservatives, Encore, EnQuest, exxon, george osborne, green investment bank, Nautical Petrolem, politics, renewable energy, shell, Statoil, Valiant Petroleum, Xcite Energy
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