BP considers quitting North Sea after Labour tax raid
• BP is considering exiting the North Sea following tax increases on oil and gas levies introduced by Chancellor Rachel Reeves and the Labour government. • The potential move follows criticism from Energy Secretary Ed Miliband, who labeled BP's profits as "morally and economically wrong" after the company reported £2.4bn in earnings between January and March. • This exit would represent the most significant corporate casualty of the government's fiscal strategy to address high household energy bills.
telegraph.co.uk