What Labour’s Victory Means for UK Oil and Gas

The UK’s Labour Party just scored a massive victory that could have huge implications for the country’s oil and gas sector. This will be the party’s return to power after 14 years as opposition. It will also be a double-down on the energy transition. And it may end the country’s reputation as an energy investment destination. When it comes to the energy transition, the two main parties in the UK don’t really differ much—except in the scale of their commitments to replacing oil, gas, and coal with wind, solar,…