THE UK Government is set to heavily subsidise the building of offshore windfarms to supply oil and gas platforms despite fossil fuel companies' record profits.
A new tax break is set to be introduced in the spring which would allow firms to claim a £109 tax break for every £100 they spend on decarbonising their assets – including by powering their oil and gas platforms with renewable energy.
But climate campaigners say that this amounts to taxpayers footing the bill for projects that oil and gas firms could easily pay for themselves.
