Labour’s plan to ban new oil and gas drilling is “economically senseless” and threatens to bring forward rig shutdowns by a decade, a major North Sea operator has warned.
Amjad Bseisu, chief executive of Enquest, said blocking new drilling licences would put jobs and investment at risk, while bringing forward shutdown costs for the taxpayer.
It’s also going to kill tax revenues. But there’s no stopping people in the grips of an ideological delusion.
The post Well, yes, obviously first appeared on Tim Worstall.