Six North Sea oil and gas fields to be fired up amid Cabinet row over net zero

NOT A LOT OF PEOPLE KNOW THAT

By Paul Homewood

image

Six North Sea oil and gas fields are set to be given the green light this year, The Telegraph has learnt, as Cabinet figures push back against “insane” demands to go further on net zero.

Rishi Sunak has asked Kwasi Kwarteng, the Business Secretary, to fast-track the licences amid Treasury fears over the economic impact of making the UK a net zero carbon emitter by 2050.

It is the latest sign of tensions between Number 10 and Number 11 after the Treasury held back plans for bringing down NHS backlogs and demanded better value for money.

The six oil and gas areas, which have already been given a preliminary licence by ministers, are expected to be given approval by Britain’s oil and gas regulator to begin construction of rigs in the North Sea.

Despite calls for all domestic fossil fuel extraction to be halted, ministers…

View original post 177 more words

Leave a comment