20 Mar 2013 | 02:38 pm |
Commenting on the announcements made by the Chancellor in his Budget today, Head of Energy and Natural Resources, Bob Ruddiman, said: "Today's announcement of a ‘shale gas field allowance’ and a generous tax regime for shale will ultimately define how the industry will develop."
"The Chancellor indicated there would be community participation in the shale revolution. History proves this is easier said than implemented.
"The Chancellor indicated that the contract for decommissioning will be available to view soon. This is a good example of industry and politics working together to provide an outcome that will benefit all stakeholders.
"The Conservative Party was clear about its support for the industry and have demonstrated their commitment. The Treasury were slightly blind sided by this previously and now is the opportunity to take positive action.
"This is crucial for the industry and there will be disappointment in the market if there is the same kind of delays and confusion as we've previously seen with energy policy. Lessons have been learned from mistakes made by successive governments in respect of both the oil and gas and renewable energy sectors.
"We hope to see a speedy and smooth running process leading to decisions being made and enabling shale gas to develop in the UK."
Multinational law firm Pinsent Masons in Paris advised La Banque Postale and Bpifrance in connection with the financing of the repowering of two wind farms (Marsanne and Grand Bois) owned by funds managed by Octopus Energy Generation, for an amount exceeding €83 million.
Multinational law firm Pinsent Masons has advised international cinema technology business INDY Cinema (INDY) on its acquisition by New York-based VERSANT, an industry-changing media and entertainment company.
Multinational law firm Pinsent Masons, in collaboration with the world-renowned art and design college Central Saint Martins (CSM), University of the Arts London has announced the winner of its inaugural Prize celebrating emerging creative talent at an exhibition at its London headquarters, Crown Place.
Multinational law firm Pinsent Masons in Paris advised La Banque Postale and Bpifrance in connection with the financing of the repowering of two wind farms (Marsanne and Grand Bois) owned by funds managed by Octopus Energy Generation, for an amount exceeding €83 million.
Multinational law firm Pinsent Masons has advised international cinema technology business INDY Cinema (INDY) on its acquisition by New York-based VERSANT, an industry-changing media and entertainment company.
Multinational law firm Pinsent Masons, in collaboration with the world-renowned art and design college Central Saint Martins (CSM), University of the Arts London has announced the winner of its inaugural Prize celebrating emerging creative talent at an exhibition at its London headquarters, Crown Place.
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