Reform UK, led by Richard Tice, intends to reverse the government's ban on North Sea oil and gas drilling as a top priority if elected in 2029. The party plans to allow taxpayers to take stakes in these projects, supporting the struggling industry that has faced challenges from a government windfall tax. Tice has promised significant public investment in oil and gas exploration, ensuring job security and energy independence. The move aligns with Donald Trump's advocacy for boosting UK energy production and contrasts with green groups' calls for renewable alternatives.
Tice told the energy bosses to expect a reversal of the government's ban alongside billions of pounds of public investment in their projects if the party comes to power in the 2029 election.
As long as there's oil in the North Sea, we should be drilling for it, a spokesperson for Reform UK said. There are clear benefits for securing jobs and energy independence.
Reform's early move to curry favour with the UK's oil industry has coincided with calls from Donald Trump for the UK government to get their energy costs down.
Reform said it would reveal further details of the party's energy policies at a later date, which could include plans to reverse all renewable energy subsidies.
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