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
A figure the greens say would be more than the combined emissions of all of the worlds 28 low income countries. But supporters argue oil and gas will continue to play a role in the Global Green Energy transition in the coming decades. We will explore some of these issues. First, lets get the political view from sir keir starmer. He has confirmed that labour will not revoke the licence for the Rosebank Oil Field if it wins the next election. Mr starmer said that allowing the north sea exploration to go ahead would provide stability to the economy. Mr starmer spoke to my colleague nick robinson. In relation to rosebank, what we have said is no license is to be granted while we are in power, but we wont revoke any licenses that are granted before the coming to power. Are granted before the coming to ower. ~. , are granted before the coming to ower. ~. , ~ are granted before the coming to ower. ~ . , are granted before the coming to ower. ~. , ~. ,. , are granted before the coming to ower.
george h.w. bush. this happened a couple days ago and we just got these pictures coming in from the tear craft carrier today. conor powell is live with the latest on this crisis. what s going on with these oil refineries. reporter: heavy fighting breaking out and continuing at the baiji oil field north of baghdad near tikrit. it s not clear who controls this facility. the government says they have control but witnesses say insurgents seem to be in control of at least some of this refinery. they set up checkpoints in and out of the area. the black flags of the insurgents hang from parts of the refinery. this oil field is crucial to