Shares in UK-listed oil companies slumped on Thursday as Britain’s main opposition party, the Labour Party, vowed to increase taxes on the sector in a pledge for a greener economy, drawing criticism from the oil industry association. The Labour Party launched on Thursday a radical new manifesto ahead of the general elections in the UK on December 12. The manifesto, described by Financial Times as “Labour’s most leftwing manifesto in a generation,” pledges “introduce a windfall tax on oil companies, so that the companies that knowingly damaged our climate will help cover the costs.” “We will provide a strategy to safeguard the people, jobs and skills that depend on the offshore oil and gas industry,” the Labour Party says in its manifesto. The main opposition party in the UK promises “A Green Industrial Revolution,” in which many more offshore and onshore wind farms will be built across the UK […]