Emeritus Prof Christopher May on Nostr: Oil companies complaining that Labour's likely policy on windfall taxes & licence ...

Oil companies complaining that Labour's likely policy on windfall taxes & licence conditions for North Sea Oil will make investment in the field impossible, may be missing the point..

Despite their claims for the tax take, this may actually be a policy to start to strangle fossil fuel extraction as part of a green transition.

Whether that's actually Labour's aim remains to be seen, but its one (optimistic) interpretation of the manifesto 'commitment'!

#fossilfuels #greetransition

h/t FT