Despite years of pursuing (with, it must be said, the support of all Britain’s major parties) the lethal nonsense that is net zero, that country’s governing Conservatives, it might have been hoped, would have learned enough from Europe’s energy crunch to take a bit more care about securing Britain’s energy security.
But no.
And now Brits will pay the price.
Britain’s largest North Sea oil producer is refusing to bid for new UK oil and gas wells and reviewing its investments in response to the Government’s tax raid on the sector.
Harbour Energy said it had decided not to bid for new blocks in the ongoing North Sea licensing round, the first since 2019, after the Government imposed a windfall tax on oil and gas producers earlier in the year…
TotalEnergies, the French oil giant, has announced plans to cut spending in the North Sea by £100m next year due to the tax.
The FTSE 100 oil giant Shell has also said it is reviewing plans to invest £25bn in Britain’s energy system due to the tax.