UK Oil Industry on Edge as Labour Wins Election in a Landslide

The Labour Party won the UK election in a landslide, as Britons overwhelmingly voted on Thursday to end 14 years of Conservative rule. Exit polls and the first official results showed early on Friday that the Labour Party won more than 400 seats in Parliament, while the Tories lost more than 200 seats and slumped to about 120, the worst election showing since World War II.    The resounding Labour victory is a concern for the UK oil and gas industry, as the new government could follow up on Labour’s campaign pledges to further raise…