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Why the rapid death of North Sea risks leaving taxpayers on the hook for billions

By Yahoo! Finance   |   Sep 19, 2024 at 01:00 AM EST
Why the rapid death of North Sea risks leaving taxpayers on the hook for billions

Labour's tax hike on North Sea oil and gas producers could lead to higher decommissioning costs, risking taxpayers footing the bill. Analysts warn the tax increase may drive smaller companies into insolvency, impacting clean-up efforts and industry sustainability.

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