Insult a company enough, tax a company enough, inhibit a company’s business enough, and it will go. BP, a pioneer in offshore oil production, has decided to sell its North Sea assets.

“This decision is another stark reminder that confidence in the UK Continental Shelf has been badly shaken after years of policy uncertainty, punitive taxation and mixed messages about the future of the industry,” said Russell Borthwick, chief of the Aberdeen & Grampian Chamber of Commerce, which comprises many UK oil and gas producers.

“This decision is another stark reminder that confidence in the UK Continental Shelf has been badly shaken after years of policy uncertainty, punitive taxation and mixed messages about the future of the industry,” said Russell Borthwick, chief of the Aberdeen &........

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