(S (S (NP (BASENP (DT The) (NNP BBC) (POS 's)) (BASENP (NNP Alex) (NNP Last))) (VP (VBZ reports) (SBAR (IN that) (S (NP (BASENP (JJ local) (NNS leaders)) (CC and) (BASENP (NN oil) (NNS companies))) (VP (VBP are) (ADJP (JJ concerned) (SBAR (IN that) (S (BASENP (DT this) (JJ new) (JJ tough) (NN policy)) (VP (MD will) (VP (VB increase) (NP (BASENP (NNS tensions)) (PP (IN in) (BASENP (DT the) (NN region)))))))))))))) (PERIOD .))