Britain’s oil and gas regulator announced in a statement on Wednesday that it had granted a “development and production licence” for the controversial Rosebank field in the North Sea, sparking anger from environmental campaigners.
The authorization was granted on Wednesday by the North Sea Transition Authority “after receiving the project’s environmental declaration and taking into account considerations related to the carbon neutrality goal”, according to the regulator in…
Britain’s oil and gas regulator announced in a statement on Wednesday that it had granted a “development and production licence” for the controversial Rosebank field in the North Sea, sparking anger from environmental campaigners.
The authorization was granted Wednesday by the North Sea Transition Authority “after receiving the environmental declaration of the project and taking into account considerations related to the carbon neutrality goal,” the regulator said in a statement.
A week after British Prime Minister Rishi Sunak announced the postponement of several key steps in the UK’s climate policy, the policy “demonstrates once again putting the profits of oil companies above those of ordinary people”, the NGO Greenpeace highlighted in a statement.
A “morally obscene” decision, claimed Caroline Lucas, a deputy environmental activist, on X (ex Twitter).
“This will not improve energy security or reduce bills, but it will breach our climate commitments and destroy the UK’s global leadership” on the climate transition, he stressed.
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Norwegian state company Equinor and its partner Ithaca – a subsidiary of Israel’s Delek -, which together will exploit the fields located off the coast of the Shetland Islands, north of Scotland, in separate statements announced an investment of 3.8 billion dollars in the project.
“Development of the Rosebank field will enable us to strengthen our position as an important UK energy partner, while optimizing our oil and gas portfolio and increasing energy supply in Europe,” said Equinor, which owns an 80% stake. project, in your statement.
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