Conservative. Youre also pretty much a lifelong campaigner for the environment. Right now, does it feel like those two commitments are incompatible . Oh, no. Theyre just temporarily in abeyance because the government is so fixated on trying to do something to rescue the next election, that theyre trying to put a difference between their reaching net zero in a way which doesnt hurt people, and blaming the opposition for wanting to reach net zero in a way which does hurt people. I think its a pretty barmy way of dealing with it. But in the end, of course, its also damaging, notjust to the earth, but the fact is, its very bad for the cost of living, because the sort of things that mr sunak wants to do will hold up reducing energy prices, getting things to people in a cheaper way. But rishi sunak s entire logic is that what he is doing by adapting the way in which the uk is committing itself to the net zero target of 2050, what hes doing is protecting the interests of, as he puts it, Worki
To develop one of the largest untapped oil and gas fields in uk waters. Rosebank which is about 80 miles west of shetland is one of the largest untapped discoveries in the region. Experts say it contains up to 350 Million Barrels of oil. Production could start in 2026 with extraction continuing until at least 2030. Its thought that around 69,000 barrels of oil could be produced every day. That would equate to around 8 of the uks total output. And there would also be natural gas with around 44 million cubic feet of it produced per day during the projects lifetime. The Energy Secretary Clare Coutinho said, we need oil and gas on the path to net zero so it makes sense to use our own supplies from north sea fields. The jobs and billions of pounds this is worth to our economy will enable us to have Greater Energy independence. But there has already been criticism. The Environmental Group greenpeace says, relying on fossilfuels is terrible for our Energy Security, the cost of living, and the
The green light to develop one of the largest untapped oil and gas fields in british waters. Rosebank lies in the north sea, about 80 miles west of shetland. Experts say it contains about 350 Million Barrels of oil. Production could start in 2026, with extraction continuing until at least 2030. Its thought that about 69,000 barrels of oil could be produced every day. That would equate to about 8 of the uks total output. There would also be natural gas, with about 44 million cubic feet produced per day during the projects lifetime. The Energy Secretary Clare Coutinho says. The news has not gone down well with climate campaigners. Heres tessa khan, executive director of uplift, a group that has been working to stop Rosebank Being opened up for oil and gas production. I think we need to be clear that this is a huge mistake on economic grounds, on Energy Security grounds and on Climate Grounds and the uk public do not stand to benefit from this field. With me is our Business Editor simonja
godlike personality that has grown around him, that is not seen as invincible any more. russia has faced repeated rounds of western sanctions, but its economy has continued to grow thanks to help from china. it means the mood at russia s equivalent of davos welcome to newsnight. our political panel tonight philip collins, who was tony blair s speech writer and worked alongside sir keir starmer on his 2021 conference speech, and mercy muroki, who is a former policy adviser to the conservative s kemi badenoch. today has been very much about the fall out from last night s tv debate when mr sunak claimed housesholds would be paying £2,000 more in tax if labour win. we questioned energy secretary clare coutinho on newsnight last night straight after the itv debate. clare coutinho, where did you get this £2,000 figure from? because it is not an impartial independent figure, is it, it is your own tory special advisers who have added this up and come up with the sums? no, no, n