Oil and Gas UK warns that Labour's energy plans could make the UK uninvestable, requiring £450bn investment by 2040.

Labour's energy plans, including ending new oil and gas licences and introducing further tax changes, could make the UK uninvestable, warns the Oil and Gas UK (OEUK) trade body. The OEUK has released a report suggesting that up to £450bn of investment will be required in the energy sector by 2040, highlighting the need for stability, predictability, and fair returns for investors.