Executive Summary
Research from nef and WWF reveals the paradox of the UK Treasury hooked on income from the oil and gas sector, yet missing a never-to-be-repeated opportunity to invest in the transition to a sustainable energy system by failing to tax surplus profits from oil.
The research calls on the government to follow the broad example set by Norway, which established an Oil Legacy Fund to finance renewable energy.
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Written by
- Andrew Simms
- David Woodward
- Petra Kjell
- James Leaton
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