BP says North Sea is no longer 'competitive' and urges Andy Burnham to scrap windfall taxes on oil and gas

BP's leadership asserts that the North Sea is no longer competitive, urging Andy Burnham to scrap windfall taxes on the oil and gas industry. Meanwhile, debates persist regarding North Sea oil expansion. Some argue that oil is a vital feedstock for maintaining wind turbines, nuclear plants, and rail systems, making it essential for green tech supply chains. This perspective suggests that a domestic oil base and coking coal extraction in Cumbria are necessary for high-grade steel production.