The UK can generate almost 25% more in taxes from oil and gas companies through 2050 if the Labour government replaces a contentious windfall levy on North Sea producers as soon as next year rather than waiting, according to an industry lobby group.

“Action is required now,” Offshore Energy UK said in its analysis of the nation’s fiscal policy impacts. The lack of an immediate response risks pushing the sector into “an accelerated decline” that includes a “loss of critical mass” of British oil and gas supply chain capability.

Asian investors may tread cautiously on Monday as uncertainty deepens following a U.S. federal appeals court ruling that President Donald Trump’s sweeping trade tariffs were illegal.

The dollar was steady against major peers in early trading while US equity futures edged higher. Contracts indicate losses for Australian and Japanese shares at the open, and gains in Hong Kong. US bond futures nudged lower, with the cash market closed for the Labor Day holiday.

The Tokyo Stock Exchange remains under pressure to do more to protect minority shareholders during management buyouts, just weeks after requiring more disclosures on such deals.

Pacific Industrial Co., a supplier for Toyota Motor Corp., and car-care products maker Soft99 Corp. are among companies that have announced plans to go private in management buyouts, since new rules came into effect on July 22.