UK could be starved of energy, says North Sea boss
Labour’s plan to end North Sea exploration and the government’s tax policy both come under fire. …
“At the moment, the taxation regime is changing constantly and it’s very difficult to invest huge amounts of capital when you don’t know what type of return you’ll be getting,” Mr Myerson said, adding that Ithaca was considering investing elsewhere in Europe and the US, whom he said were “more supportive” to oil and gas.
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