Former US President Donald Trump has criticized the UK's Labour government's energy tax policy, accusing them of making a 'very big mistake'. He made these comments in response to news that US oil and gas producer Apache plans to end its operations in the North Sea by 2029. Trump called on Britain to 'open up' the North Sea.
U.S. President-elect Donald Trump on Friday called on Britain to"open up" the North Sea , accusing the country's Labour government of"making a very big mistake" with its energy tax policy.
His comments came in response to a report about U.S. oil and gas producer APA Corporation unit Apache's plans to end all its operations in the North Sea by the end of 2029. Britain's ruling Labour Party said in October last year that it would increase a windfall tax on North Sea oil and gas producers to 38%, up from 35%, and extend the end date of the policy.on Friday called on Britain to"open up" the North Sea, accusing the country's Labour government of"making a very big mistake" with its energy tax policy.about U.S. oil and gas producer APA Corporation unit Apache's plans to end its operations in the North Sea by the end of 2029.
CNBC has contacted a spokesperson at Britain's Department for Energy Security and Net Zero to ask for a response to Trump's social media post.The North Sea is regarded as one of Britain's best sources of consistent offshore wind energy and several European countries alongside the U.K. haveCouple won the NYC housing lottery and bought a two-family house in Brooklyn worth $1.
Donald Trump UK Energy Policy Tax North Sea Labour Party
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