Bloomberg The UK expects to raise more than £28 billion ($30.9 billion) in the coming years from a windfall tax on oil and gas firms. The revenue will go toward offsetting the huge costs of subsidizing energy bills amid a cost-of-living crisis driven by soaring gas and power prices. The forecast was released as part of Chancellor of the ...

Bloomberg The UK government will relax planning rules for onshore wind to allow projects to be deployed more easily, marking a significant policy shift. Britain vowed to speed up the planning process for energy infrastructure including offshore wind farms and new oil and gas fields in Chancellor Kwasi Kwarteng’s mini-budget. Onshore wind was effectively banned in 2016, but developers were ...

What happens in Italian politics doesn’t often stay in Italy. From Fascism to Nazism; from Berlusconi to Trump; from the rabble-rousing Five Star Movement to the disruption wrought by social media, Italy has often served as a political laboratory for liberal democracies. So, would a victory in Sunday’s election by the far-right Brothers of Italy and its leader Giorgia Meloni ...