100,000 North Sea Energy Jobs at Risk Amid ‘Political Instability,’ Report Warns

Published on May 28, 2024

A report has claimed that the next government will have just “100 days to save 100,000 jobs” in the North Sea energy sector as companies consider pulling investment from the UK. The 39th Energy Transition report from Aberdeen and Grampian Chamber of Commerce said that industry confidence is plummeting, with high taxes and a potential exploration ban threatening to end the domestic oil and gas industry. The Chamber estimates that the winning party in the July 4 election “has 100 days to restore confidence or risk losing £30 billion in investment.” One oil CEO has said that a £400 million project was dropped because of “ongoing uncertainty.”...

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