ExxonMobil Criticizes Labour's Energy Policies, Warns of Job Losses

ExxonMobil Criticizes Labours Energy Policies, Citing Job Losses and Economic Impact: ExxonMobils UK chairman, Paul Greenwood, accuses the Labour party of harming British businesses with their North Sea oil and gas drilling ban, carbon taxes, and high energy prices. The closure of Exxons Mossmorran chemical plant in Fife, due to unaffordable ethane, is cited as an example of the negative impact on jobs and economic growth. Greenwood emphasizes the need for affordable and plentiful ethane sources, which are no longer available due to the decline in North Sea output and increasing prices. Exxon criticizes the governments carbon emissions tax, arguing it unfairly burdens UK manufacturers. The closure coincides with a report warning of rising energy costs and taxes threatening Britains industrial foundation.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.