Labour is facing strong criticism from oil and gas industry leaders following recent remarks by the US President, who condemned Britain's energy policies as 'catastrophic'. Industry figures argue that Labour's approach to the North Sea, including high tax rates and delays in introducing a new price mechanism, is damaging domestic production and investment. They warn that these policies have led to job losses, halted new drilling, and increased reliance on imports, undermining the UK's energy security.

Russell Borthwick, chief executive of Aberdeen & Grampian Chamber of Commerce, called for immediate changes to the tax regime and urged the government to bring forward reforms to restore competitiveness. Offshore Energies UK echoed these concerns, stressing the need for homegrown energy to avoid further industrial decline. Critics argue that current policies are eroding the UK's strategic assets and making the country more vulnerable to global supply shocks.

The article highlights calls for the government to prioritize energy security by supporting domestic production, revisiting bans on new licences, and maintaining refining capacity. Industry leaders emphasize that the UK must act swiftly to safeguard jobs, investment, and national resilience in an increasingly uncertain world.