Former U.S. President Donald Trump has criticized Britain's Labour government for its energy tax policy, calling it a 'very big mistake' after U.S. oil and gas producer Apache announced plans to end its operations in the North Sea by 2029. Trump urged Britain to 'open up' the North Sea, arguing that the increased windfall tax on oil and gas producers is hindering investment.
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.
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.
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