Labour's North Sea Windfall Tax Sparks Industry Backlash

The government’s plans for North Sea oil and gas are a “blunt response” that could jeopardise hundreds of thousands of jobs not just in the energy sector, several of the industry’s leading figures have warned.

The measures as announced risk both the net import gap for fuels, and the emissions footprint of fuel imports, growing long before the UK can deliver reliable, affordable, alternative energy sources.” The firms dubbed Labour’s plans a “surprise” despite them having been a core part of the party’s manifesto.

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Similar News:يمكنك أيضًا قراءة قصص إخبارية مشابهة لهذه التي قمنا بجمعها من مصادر إخبارية أخرى.

‘People are walking away’: UK windfall tax hits North Sea oil investmentPolicy uncertainty and Labour’s levy plans threaten fall in production and jobs in ageing oil basin, executives warn
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