'New research from nef and WWF reveals the paradox of the UK Treasury hooked on income from the oil and gas sector, yet missing a never-to-be-repeated opportunity to invest in the transition to a sustainable energy system by failing to tax surplus profits from oil.
The research calls on the government to follow the broad example set by Norway, which established in-effect, an oil ‘Legacy Fund.’'
This is a New Economics Foundation's (nef's) paper, published in October 2006. PDF format, 47
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