Taxpayers may be liable for North Sea decommissioning bill, says study

Taxpayers may be liable for North Sea decommissioning bill, says study
 

UK taxpayers could be liable for a North Sea decommissioning bill of £75bn, according to a new study.
The GMB union said its research suggested an increased financial burden will be placed on the Treasury via tax refunds to oil and gas companies.
It also called for urgent action to get Scottish ports and fabrication yards "decommissioning ready".
The UK government says it has provided more support than any other government in response to falling oil prices.
Decommissioning 'a new beginning' How do you pick up an oil platform? The GMB's Scotland secretary, Gary Smith, told BBC... read more

 
21 November 2016 in Business, Views: 38
Source: BBC
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