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Reform UK offers North Sea licences for taxpayer stakes in oil projects

Richard Tice promises drilling executives ‘day one’ reversal of net zero policies if it wins the election
Richard Tice: ‘[Companies] should be getting their licence applications ready for Reform to fast-track when it comes into government’

Reform UK is trying to woo oil and gas companies with a promise to slash taxes and regulation if Nigel Farage’s party sweeps to power — though it will demand equity stakes in North Sea drilling projects in return.

Richard Tice, the deputy leader of the populist party, has approached a number of energy executives in recent weeks seeking support for Reform, promising a “day one” assault on net zero policies that includes reversing restrictions on new oil and gas exploration.

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