Ed Miliband confirms crackdown on new North Sea oil and gas exploration

Ed Miliband confirms crackdown on new North Sea oil and gas exploration

Strategy paper released alongside budget also rejects lowering taxes to help boost shrinking sectorThe government has ruled out new North Sea oil and gas exploration or lower taxes for fossil fuel companies as it struggles to protect workers from the industry’s collapse.In a strategy paper, Ed Miliband confirmed the crackdown on new North Sea exploration – although the energy secretary will still allow new offshore fossil fuel projects to move a…