UK Finance Minister Reeves just dropped a bombshell: scrap the windfall tax on energy companies in the upcoming budget, or watch the North Sea oil and gas sector collapse. She's basically saying this levy could be the final nail in the coffin for Britain's domestic energy production. The stakes? Jobs, energy security, and whether the UK keeps drilling or goes all-in on renewables. Budget day just got a whole lot more dramatic.

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LiquidityWizard

· 11-26 23:25

Nah, this logic is a bit forced. To put it bluntly, it's just that energy companies are under pressure. So what if they turn to new energy? Do they have to rely on Beihai oil and gas to support them?

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MissingSats

· 11-23 23:59

The UK Chancellor is really betting on energy companies cooperating; otherwise, North Sea oil and gas will truly be done for. But to put it bluntly, it's still all about preserving those high-paying jobs. What about renewable energy though? It's been completely left behind.

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WalletDivorcer

· 11-23 23:48

What is the UK trying to do? On one hand, they call for energy independence, and on the other, they cut taxes? Hilarious, this must be a politician's trick.

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MetaMaskVictim

· 11-23 23:39

Here we go again? You think just canceling the windfall tax will save North Sea oil and gas? What about all the previous subsidies—were those just thrown to the dogs?

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