BBC News - Sir John Major calls for windfall tax on energy profits
Fuel poverty campaigners have said the price rises will leave some people with the choice of having to "heat or eat" this winter but energy firms say they are needed to cover the cost of rising wholesale prices and environmental obligations.The shale-gas boom won’t do much for climate change. But it will make us a bit richer.
[Brad Plumer, Washington Post] The shale-gas boom will provide a modest boost to the U.S. economy. On average, the models in the Stanford study predicted that the natural-gas boom would raise GDP by about $70 billion per year over the next several decades (in current dollars). "Although this amount appears large," the report notes, "it represents a relatively modest 0.46 percent of the U.S. economy."