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flag The UK halted new North Sea oil and gas licenses after a court ruling, prioritizing green energy with strict rules and high taxes.

flag The UK government, under Prime Minister Kier Starmer, has halted new oil and gas licensing in the North Sea while maintaining existing operations under stricter environmental rules and high taxes, including a 78% Energy Profits Levy. flag This shift follows a Scottish court ruling invalidating key project approvals, requiring reassessment. flag Though oil and gas remain part of the energy mix for now, the focus is moving toward green energy, creating uncertainty for investors.

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