The UK Labour government is moving to permanently ban new oil and gas field development in Britain's North Sea,StructURING the shutdown so that future administrations will face near-insurmountable barriers to reversing the policy. Energy Secretary Ed Miliband is reportedly driving the initiative, which locks out new drilling permits and effectively ends decades of domestic energy production in one of Europe's most productive basins.
The move abandons energy independence and national security in favor of climate virtue signaling, forcing Britain to rely on imported energy from Russia, the Gulf states, and other foreign suppliers. Critics argue this is economic suicide — killing thousands of high-paying jobs, gutting tax revenue from North Sea operations, and handing geopolitical leverage to adversaries. The policy also makes energy prices more volatile and subject to foreign manipulation, all while doing nothing measurable to reduce global emissions (the oil will just be drilled elsewhere).
The UK Labour government is moving to permanently ban new oil and gas field development in Britain's North Sea,StructURING the shutdown so that future administrations will face near-insurmountable barriers to reversing the policy. Energy Secretary Ed Miliband is reportedly driving the initiative, which locks out new drilling permits and effectively ends decades of domestic energy production in one of Europe's most productive basins.
The move abandons energy independence and national security in favor of climate virtue signaling, forcing Britain to rely on imported energy from Russia, the Gulf states, and other foreign suppliers. Critics argue this is economic suicide — killing thousands of high-paying jobs, gutting tax revenue from North Sea operations, and handing geopolitical leverage to adversaries. The policy also makes energy prices more volatile and subject to foreign manipulation, all while doing nothing measurable to reduce global emissions (the oil will just be drilled elsewhere).
SOURCE: https://x.com/Telegraph/status/2054645454105633057