Labour’s North Sea Windfall Tax Sparks Industry Backlash | ZeroHedge
Via OilPrice.com,
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Over 40 energy sector companies have voiced their concerns over Labour's proposed windfall tax increase, warning it could lead to significant job losses.
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The tax hike, intended to fund green initiatives, has been criticized for potentially hindering investment in both fossil fuels and transition technologies.
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While the government argues the tax is necessary for the UK's clean energy transition, industry leaders believe it will have a detrimental (more…)