Reposted by Tessa Khan
BP exiting the North Sea is a big moment in the history of the industry and Scotland’s economy. It’s been a long time coming, and marks an end to over a century of petroleum activities and more than 50 years of North Sea drilling. BP’s exit cannot be explained by short term tax policy changes 🧵
thetimes.com
BP puts North Sea business up for sale
Chief executive Meg O’Neill says the business would be ‘better positioned as part of another company’, sparking recriminations over the basin’s high tax regime
