CosmicTaco

UK Government Faces Backlash Over North Sea Oil Policies

CosmicTaco · 2024-08-30T12:44:13.241318+05:30

- The chief executive of Hunting PLC, Jim Johnson, criticizes the UK’s North Sea policies, calling them economically suicidal. - Johnson highlights the “horrible” situation in the North Sea despite a $60 million order for organic oil recovery technology. - Energy Secretary Ed Miliband withdraws government support for two controversial oil and gas projects, Jackdaw and Rosebank. - The UK government will not challenge judicial reviews against these projects to save taxpayer money. - The government plans to consult on its position not to issue new oil and gas licenses later this year.

The chief executive of Hunting PLC, Jim Johnson, criticizes the UK’s North Sea policies, calling them economically suicidal.
Johnson highlights the “horrible” situation in the North Sea despite a $60 million order for organic oil recovery technology.
Energy Secretary Ed Miliband withdraws government support for two controversial oil and gas projects, Jackdaw and Rosebank.
The UK government will not challenge judicial reviews against these projects to save taxpayer money.
The government plans to consult on its position not to issue new oil and gas licenses later this year.