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Latest Windfall Tax Stories

2009-01-15 07:00:00

PETALUMA, Calif., Jan. 15 /PRNewswire-USNewswire/ -- The following is a statement from American Small Business League President Lloyd Chapman: Every day for more than two years President-elect Barack Obama promised voters that if he was elected president, he would enact a windfall profits tax on the oil and gas industry to fund a $1000 per household energy rebate. (http://www.youtube.com/watch?v=QJPo5IGTd0A) Just two days after being elected on November 6, President-elect Obama rolled out...

2008-09-15 18:00:31

I AM dismayed, but not surprised, that no windfall tax is being proposed on the profits made by energy suppliers and generators. This is particularly galling, given the crass comment made by E.ON's head of emissions trading, Mark Owen-Lloyd, that soaring gas bills mean "more money for us". This was, we are told, a joke. Gales of laughter from the many who are struggling to pay their fuel bills and feed the obscene profits made by companies such as E.ON? I think not. Gordon Brown "hopes"...

2008-09-12 21:00:24

By Rob Preece The Prime Minister failed to silence calls for a windfall tax on power firms' profits, despite unveiling a raft of energy-saving measures he claimed would save households over 300 a year.Six million homes occupied by pensioners and low-income families are to get free loft and cavity insulation, while another five million homes stand to receive the service half-price.But consumer groups dismissed the proposals as "too little, too late", and Mr Brown's pledge that energy firms...

2008-09-12 12:00:30

GORDON BROWN was today unveiling a package of support to help people struggling with soaring energy bills. More than 10 million households are set to be offered help with energy efficiency measures such as loft and cavity wall insulation, new boilers and double glazing. Campaigners are warning that many poorer households are forced to make the choice between "eating and heating" and this will worsen as the winter months approach. A report yesterday by the National Housing Federation...

2008-09-12 06:00:32

EXPERTS agree that improving the energy efficiency of Britain's homes is a good long-term solution to the energy crisis. It also pleases green campaigners demanding reduced emissions - both from the power stations providing the energy, and from each of the UK's 26 million homes. But Gordon Brown's GBP 1 billion package has not warmed the hearts of a sceptical media, back-bench Labour MPs or families who have seen their bills increase, quite as he would have hoped. This is because it...

2008-09-11 03:00:22

The UK government is close to finalizing a deal with energy companies over the reduction of household bills, according to the BBC. The news source said that the final agreement could include steps to ensure that the poorest customers receive help to find the most appropriate gas and electricity tariff, and also provide improved home insulation over the next 10 years. This comes at a time when the Trades Union Congress (TUC) has urged the UK prime minister, Gordon Brown, to impose a...

2008-09-10 09:00:34

Text of report by state-owned national newspaper Zambia Daily Mail website on 10 September [Report by Kangwa Mulenga: "State Defers 25 per cent Mine Tax Collection"] Govenrment has deferred the collection of the 25 per cent windfall tax from mining companies until the discussions which have commenced between the two parties are completed. Secretary to the Treasury Evans Chibiliti revealed this in Lusaka yesterday when he appeared before the parliamentary committee on estimates chaired...

2008-09-06 18:00:20

By GAVIN CORDON MINISTERS yesterday denied caving in to the energy companies after Gordon Brown ruled out one off payments to help families struggling to pay soaring energy bills. The Prime Minister faced an angry backlash after he used a keynote speech to make clear that there would be no "short-term gimmicks or giveaways" when the Government unveils its muchvaunted energy plan next week. Trade unions and Labour MPs responded by launching fresh demands for a windfall tax on the...

2008-09-03 15:00:38

Upward pressures on UK wholesale gas and power prices are being driven by strained supply and demand fundamentals. Imposing a windfall tax on the UK energy industry is unlikely to resolve this issue whereas increased incentives for energy investment in UK gas storage facilities would go some way towards achieving that aim. In the UK, the majority of profits made by energy businesses are not generated by the 'big six' energy retailers (British Gas, npower, E.ON, ScottishPower, Scottish &...


Word of the Day
siliqua
  • A Roman unit of weight, 1⁄1728 of a pound.
  • A weight of four grains used in weighing gold and precious stones; a carat.
  • In anatomy, a formation suggesting a husk or pod.
  • The lowest unit in the Roman coinage, the twenty-fourth part of a solidus.
  • A coin of base silver of the Gothic and Lombard kings of Italy.
'Siliqua' comes from a Latin word meaning 'a pod.'
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