Battle ahead for Labour as it introduces higher taxes and tougher environmental rules on producersBusiness live – latest updatesUK politics live – latest updatesAn oil and gas company has slowed down work on a large North Sea oilfield, citing uncertainty over the Labour government’s approach to fossil fuels.The Norwegian-owned Neo Energy said it had decided “to materially slow down investment activities across all development assets in its portfolio”, citing the prospect of higher taxes and tougher environmental rules. Continue reading…
Source link : https://www.theguardian.com/business/article/2024/sep/02/north-sea-oil-neo-windfall-tax-labour
Author : Jasper Jolly
Publish date : 2024-09-02 13:46:11
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