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The cable laying vessel NKT Victoria operates off the coast of Marske by the Sea as it lays the cable as part of the Sofia Offshore Wind Farm project on August 17, 2024 in Marske By The Sea, UK .
Ian Forsyth | Getty Images News | Getty Images
The President-elect of the United States Donald Trump on Friday he called on Britain to “open up” the North Sea, accusing the country’s Labor government of “making a very big mistake” with its energy tax policy.
His comments came in response to a report on the plans of the Apache unit of the American oil and gas producer APA Corporation to end its operations in the North Sea at the end of 2029.
The Texas-based company said in a deposit SEC Last year, continued production in the UK’s North Sea had become uneconomic due to the impact of Britain’s windfall tax, a policy officially known as Employed on energy profits (EPL).
“The UK is making a very big mistake. Open up the North Sea. Get rid of the Windmills!” Trump he said on the social media platform Truth Social.
Britain’s ruling Labor party said in October last year that it would raise a tax on North Sea oil and gas producers to 38% from 35%, and extend the date of end of the policy until March 2030.
The money raised from the tax will be directed to support Britain transition away from fossil fuels, which the government says will strengthen the country’s energy security and energy independence.
British Prime Minister Keir Starmer stands next to a wind turbine during a visit to the RWE Brechfa Forest West Onshore Wind Farm in Pencader, South Wales on August 20, 2024.
Ben Birchall | Afp | Getty Images
CNBC contacted a spokesperson for Britain’s Department for Energy Security and Net Zero to request a response to Trump’s social media post.
Shell declined to comment when contacted by CNBC. First British North Sea producer Port Energy and major energy BP They were not immediately available to respond.
The North Sea is considered to be one of the UK’s best sources of consistent offshore wind power and many European countries alongside the UK have. promised to transform the area into Europe’s largest “green power station”.
The rapidly growing offshore wind sector has suffered a torrid time in recent years, however, hampered by rising costs, supply chain disruptions and higher interest rates.
