​Labour’s North Sea Windfall Tax Sparks Industry Backlash – Tyler Durden

Labour’s North Sea Windfall Tax Sparks Industry Backlash Via OilPrice.com, Over 40 energy sector companies have voiced their concerns over Labour’s proposed windfall tax increase, warning it could lead to significant job losses. The tax hike, intended to fund green initiatives, has been criticized for potentially hindering investment in both fossil fuels and transition technologies. While the government argues the tax is necessary for the UK’s clean energy transition, industry leaders believe it will have a detrimental impact on the economy and energy security. The government’s plans for North Sea oil and gas are a “blunt response” that could jeopardise hundreds of…  — Continue at ZeroHedge News : Read More