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Labour

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North Sea industry leaders not worried about Corbyn effect

North Sea oil and gas leaders have not thought about the impact of Jeremy Corbyn becoming leader of the Labour Party, an MP claimed yesterday. Shadow Scottish Secretary Ian Murray said there was no point in people "wasting their time speculating" about the consequences of the left-winger winning the leadership race. Mr Corbyn is the favourite to be elected as the successor the Ed Miliband later this month.

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Labour pledges robust regulatory regime for fracking

Labour has pledged it would create a robust and regulatory regime before fracking for shale gas could go ahead. The political party made the vow as it unveiled its election manifesto just weeks before voters go to the polls. There was also a nod to the North Sea oil and gas sector, with a promise to provide long-term strategy for the industry, with more certainty on tax rates and measures to help exploit the potential for storing carbon emissions in offshore oil and gas fields. Labour has also pledged to freeze fuel bills until 2017.