Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Not sure if anyone has seen Andy Mayer of the Institute of Economic affairs doing the rounds on TV recently, including this AM? He is a class act and journalists do not seem to know what to do with him. All their carefully crafted questions attempting to call out 'profiteering' just fall flat.
He has an answer for everything in defence of O&G profits.
One for 'Jefff' I think.
Business Retreats and Sanctions Are Crippling the
Russian Economy
https://deliverypdf.ssrn.com/delivery.php?ID=157098114001097100084006086117066065050032046018055082096069088103113079127094003121032021048000110046110117075017092094066121058047001053003028068095086071111064027029049067073009002067085004094121091119083084098102083084086074009101086090097089085022&EXT=pdf&INDEX=TRUE
Liz has signed this off:
14 Jul 2022
Eleanor Laing: have to notify the House, in accordance with the Royal Assent Act 1967, that Her Majesty has signified her Royal Assent to the following Acts: Supply and Appropriation (Main Estimates) Act 2022 Energy (Oil and Gas) Profits Levy Act 2022.
I think we can call it this now as the Act is likely to come into force today.
We should be putting pressure on HBR to publish the impact to clear away some of the uncertainty hanging over the SP.
Investor relations:
elizabeth.brooks@harbourenergy.com
The Act will come into force without a definition of what 'normal' levels in POO are i.e. the point at which the Levy may be withdrawn. Both Houses seem to agree with industry that this will be Brent $60-$70.