Labour’s plans for the oil and gas industry could see the UK “move towards being uninvestable”, the sector’s biggest trade body has said.
He added: “This all comes together with some other challenges too to make it a really difficult investment environment in the UK.” We’re facing a situation where we must import energy that could have been produced here and where we must rely on supply chain companies that could have been based here Labour and OEUK held emergency meetings in recent months following concerns from industry about the policy of a potential Labour government.
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