Gr Ie: Month and Trial

gr ie: ISOCountry Groups euro at be cy ee fi fr de gr ie it lv lt lu mc mt nl pt sk si sm es va uk gb us us variants 1 33.4, 2 33.3, 3 33.3 Join Independent Minds For exclusive articles, events and an advertising-free read for just 5.99 6.99 9.99 a month Start your free trial Get the best of The Independent With an Independent Minds subscription for just 5.99 6.99 9.99 a month Start your free trial Get the best of The Independent Without the ads for just 5.99 6.99 9.99 a month Start your free trial The government's prediction is based on the central estimate from the OGA's range of forecast costs to operators, which in 2018 was 58.3bn, according to The Independent. However, the NAO said, the actual cost will depend not just on the cost to operators, but also on outside factors such as the oil price and exchange rates. HMRC has forecast the total bill fortaxpayers, but the NAO said this is subject to significant uncertainty . The Oil and Gas Authority OGA estimates that the decommissioning process will cost operators between 45bn and 77bn with the associated tax reliefs being paid from the public purse. Read more Cost of dismantling North Sea oil could be double government target Surge in oil and gas companies using injunctions to block protesters Government must stop supporting oil drilling in the Arctic, warn MPsOil and gas industry needs to wake up to risk of cyber attacks' UK oil and gas operators have increasingly been decommissioning their infrastructure in recent years, as reserves run out and tax revenues decline, spending more than 1bn each year to take oil and gas production facilities offline. By providing tax relief on decommissioning we are attracting continued investment into our reserves supporting jobs, boosting the economy and protecting our energy supply, a government spokesperson said. In 2018, the Intergenerational Foundation said its research pointed to a much higher cost for decommissioning, with younger generations facing a bill of more than 80bn. (news.financializer.com). As reported in the news.