Rosebank: Biggest untapped UK oil field approved by regulators – net-zero climate obsessives chew the wasp

North Sea oil platform [image credit: matchtech.com]

Opponents don’t have much to say about where they think the essential oil and gas should come from, but churn out the usual dogmatic moans anyway. Even by 2050 under net-zero policies, large quantities of these products are still expected to be needed keep the country functioning. Renewables just don’t scale up enough to replace them.
– – –
Summary (by BBC News).

— The UK’s largest untapped oil field has been approved by regulators

— It’s estimated that Rosebank, 80 miles west of Shetland, could produce 300 million barrels of oil [or more]

— The UK government welcomes the decision, saying it will raise billions of pounds and “make us more secure against tyrants like Putin”

— “As we make the transition to renewables, we will still need oil and gas – it makes sense to use our own,” says Rishi Sunak

— But Scotland’s First Minister Humza Yousaf says he’s “disappointed”, while the Green Party calls the decision “morally obscene”

BBC Live Reporting here.
– – –
Sky News reports:
The GMB Union agrees with the government’s approach to granting new oil and gas licences in the North Sea and similarly believes it will make the UK less reliant on imported gas.

Their general secretary, Gary Smith, even took a swipe at Labour’s stance, claiming: “We need a plan, not bans.”
– – –

via Tallbloke’s Talkshop

https://ift.tt/Tcr1GUV

September 27, 2023 at 06:55AM

Leave a comment