Labour Party government in the UK has promised to enact tougher taxes on North Sea oil and gas revenues and an end to new offshore licensing, which is prompting nervousness among producers. It comes at a time of falling oil output, rising energy security fears and concern that an⦠pic.twitter.com/e7v8y2UOuU
β Tracy (ππ½πΎ ) (@chigrl) July 9, 2024
UK Labour vows tougher North Sea oil taxes, end to new licenses, reinstates 2030 ban on new gas cars.
