Britain's ruinous energy policies have left investors with only one choice [Yahoo! Finance]
BP p.l.c. (BP)
Last bp p.l.c. earnings: 4/29 04:01 pm
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Source: Yahoo! Finance
The UK's focus on net zero emissions is similar to the European approach, but this approach risks damaging the economy. In contrast, countries like China and the US are focused on low-cost energy to fuel jobs and growth, and are investing heavily in new energy sources, including coal-fired power generation. Was this helpful? Yes No How does the UK's energy policy compare to the US in terms of taxation? The UK taxes the oil and gas industry at 78%, while the US taxes the industry at 21% (the same corporate rate as other industries), with a total effective tax take of around 40%. This makes the US a more attractive market for energy investment. Was this helpful? Yes No What is the consequence of the UK's windfall tax on the oil and gas industry? The windfall tax has driven investors out of UK waters, resulting in a decline in investment in North Sea oil and gas. The tax take from the North Sea has fallen by a third to £2.9bn and is projected to drop by a further £1.
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BP
Earnings
- 10/30/24 - Beat
BP
Sec Filings
- 12/19/24 - Form 6-K
- 12/10/24 - Form 6-K
- 12/5/24 - Form 6-K
- BP's page on the SEC website