Commodities & Energy

Reuters exclusively reports Norway plans tax breaks for remotest Arctic oilfields

Reuters exclusively reports Norway plans tax breaks for remotest Arctic oilfields

Reuters exclusively revealed that Norway’s government plans to make taxpayers rather than oil companies pay special U.N. fees for any offshore production from remote Arctic regions. The plan was criticized by opposition parties that want tighter limits on exploration in the fragile Arctic environment, days before an election in which the future of Norway’s big offshore oil and gas sector is a major issue.