Quote:
Originally Posted by Mike Harte
However, I would actually consider the fact that the taxpayers are paying towards the cost of decommissioning of oil fields as being a form of subsidy. Semantics maybe, but it still comes out of our pockets.
|
You're completely correct, but to solidify your point even more, it was part of the agreement that when exploring the North Sea blocks for oil, that any development in the blocks would have funds set aside for decommissioning when the time came round.
Now the time has come round, and the money they set aside wasn't enough. All that just went into profits, and now we're subsidising the costs that were meant to be accounted for.