UK to issue 'hundreds' of new oil, gas licences in North Sea

  • 📰 ChannelNewsAsia
  • ⏱ Reading Time:
  • 31 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 66%

Energy Energy Headlines News

Energy Energy Latest News,Energy Energy Headlines

LONDON: The UK government said on Monday (Jul 31) it would issue 'hundreds' of new oil and gas licences in the North Sea to secure energy reserves while still aiming for net zero carbon emissions by 2050.

A study released on Monday by the North Sea Transition Authority said the carbon footprint from domestic UK gas production was one-fourth the footprint from imported liquified natural gas.Environmental group Greenpeace called the announcement a"cynical political ploy to sow division" in which"climate is collateral damage".

Hugo Tagholm, director of Oceana UK, an ocean advocacy organisation, called the decision a"betrayal of the British people by a government entirely fixated on short-term profits, with no regard for a future for our children and generations to come". Energy giant Shell, which is involved in one of the carbon capture projects, hailed it as a"central part of plans to decarbonise North Sea operations".

Environmental policies have been a hot topic in the UK, especially since Labour's surprise defeat by the ruling Conservative party in a west London by-election.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 6. in ENERGY

Energy Energy Latest News, Energy Energy Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Britain to grant new North Sea oil and gas licencesMore than 100 new oil and gas licences are granted as part of an effort to become more energy independent. Read more at straitstimes.com.
Source: STForeignDesk - 🏆 4. / 71 Read more »

Dennis becomes Britain's first Formula E championLONDON : Jake Dennis became the first British driver to win the all-electric Formula E world championship when he finished second for Avalanche Andretti on Saturday in the first of two season-ending home races in London.The 28-year-old took his 10th podium of the season and an unbeatable lead over New Ze
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »