North Sea Boss Warns of Potential Energy Shortage in UK

Ithaca Energy, a major oil and gas producer, has warned that the UK is at risk of being "starved" of North Sea energy, leaving it reliant on imports. The company said that Labour's pledge to ban new oil and gas exploration in the North Sea and current taxation policy was "spooking" investors. Environmental groups say any new oil and gas fields in the region would take the UK over its carbon budget limits. The oil and gas sector supports 200,000 UK jobs, according to trade body Offshore Energies UK.