IEA Chief Operating Officer and Energy Analyst Andy Mayer has been quoted in City AM arguing that hesitancy to invest in North Sea energy production shows the “deadweight cost of high taxes and excessive regulation.”

Andy said:

“A better approach that might bridge the political divide would be to offer a regime where rates moved predictably with prices, preferably at lower levels but with fewer allowances. The position would be transparent and likely to survive both a change of government and market shocks.”

The full article can be read here.