Claims extracted
24
sentences that state something as happening or true
Uncertain
8%
2 of 24 hedged
("reportedly", "may", "according to")
Leaning
Leans right
of the writing, not the subject · beta estimate
Publisher signals
68/100
Daily Mail's corrections and
hedging, across everything collected from it. Not a measure of accuracy.
Outlets on this story
1
Economy/Business
Same framing elsewhere
1
articles that frame the event the way this one does
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Business leaders have called for the windfall tax on oil and gas firms to be axed after 25,000 jobs have been lost since Labour came to power.
asserted
Labour → see → power
A report from the North Sea Transition Taskforce says a plan to phase out the energy profits levy must be brought forward to prevent a ‘disorderly decline’ in the industry.
asserted
plan → say → industry
The report warns that without action, jobs will be lost too quickly for them to be replaced by new roles in the renewables industry such as wind farms.
asserted
them → warn → farms
Philip Rycroft, chairman of the taskforce, said: ‘The fundamental problem is that the traditional energy economy is declining faster than the new one is being built.
asserted
one → say → taskforce
‘If we allow that gap to widen further, we will lose skilled people, businesses and infrastructure which cannot simply be recreated when new industries are ready to expand at scale.’
asserted
industries → allow → scale
The taskforce – backed by the British Chambers of Commerce (BCC) and the Aberdeen and Grampian Chamber of Commerce – said oil and gas supports 115,000 jobs directly and through its supply chains.
asserted
oil → back → chains
A report from the North Sea Transition Taskforce says a plan to phase out the windfall tax must be brought forward to prevent a ‘disorderly decline’ in the industry
But that represents a fall of 25,000 since the last election, with the pain of job cuts being ‘particularly acute’ in north-east Scotland, a region where one in four people is employed in the offshore energy industry.
asserted
people → say → industry
Four-fifths of the industry remains in oil and gas.
asserted
fifths → remain → oil
Firms are struggling because of the windfall tax which was introduced by the Conservatives and increased under Labour.
asserted
which → struggle → Labour
The energy profits levy (EPL) – on top of usual tax rates – means operators are paying a staggering 78 per cent of their profits in tax.
asserted
operators → mean → tax
That has crushed investment and jobs in the North Sea and is widely blamed for energy giant BP’s announcement this summer that it plans to exit the region after six decades.
asserted
it → crush → decades
The Government plans to replace the EPL with a tax that only applies during periods of high prices, from 2030.
asserted
that → plan → 2030
But the latest report is calling for this to be brought forward to 2027.
asserted
this → call → 2027
Industry analysis suggests this could unlock up to £50billion of private sector investment and over £13billion in tax revenues over the coming decade.
uncertain
this → suggest → decade
The report argues that maintaining a domestic energy industry is vital to help protect jobs and the skills needed to build the energy system of the future, as well as reduce Britain’s exposure to imports and global supply disruptions.
asserted
maintaining → argue → imports
It said: ‘The choice is not between oil and gas and a clean energy future, but between a managed transition that retains jobs, investment and industrial capability, and a disorderly decline in which they are lost before replacement industries are ready.’
asserted
industries → say → which
Shevaun Haviland, director general of the BCC, said: ‘Moving to a stable and competitive regime from 2027 would give businesses confidence to invest, protect highly skilled jobs and help retain billions of pounds of economic activity in the UK.’
asserted
Moving → say → UK
Russell Borthwick, chief executive of Aberdeen and Grampian Chamber of Commerce, said: ‘Jobs and investment are being lost right now.
asserted
Jobs → say → Commerce
‘We have always championed the transition, but it has to be a transition in reality rather than just in name.
asserted
it → champion → name
'That means protecting the skills, businesses and supply chains we already have while creating the conditions for new industries to grow.’
asserted
industries → mean → conditions
The report also criticises Labour for dragging its feet in giving approval to major new North Sea oil and gas fields Rosebank and Jackdaw, even as its rhetoric towards the industry has seemingly thawed.
asserted
rhetoric → criticise → industry
If you take out a product This is Money may earn a commission.
uncertain
This → take → commission
These deals are chosen by our editorial team, as we think they are worth highlighting.
asserted
they → choose → team
This does not affect our editorial independence.
asserted
This → affect → independence
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