Secretary defended the regulators decision. The secretary defended the regulators decision. , , decision. The gas will be used domestically decision. The gas will be used domestically as decision. The gas will be used domestically as it decision. The gas will be used domestically as it has decision. The gas will be used domestically as it has been i decision. The gas will be used | domestically as it has been set decision. The gas will be used domestically as it has been set out. In terms of the oil, it gets exported initially but overall, the uk is a net importer of oil. So this is an important thing that has happened today. It is good for Energy Security. It is good forjobs and investment in this country and overall, it means lower emissions. It gets refined abroad but overall, the uk is a net importer of oil so we need oil and gas in the future and it is important that it is produced here because that means jobs and investment here in the uk. As i said, in a moment we will explore s
Hello, im matthew amroliwala, welcome to verified live, three hours of breaking stories and checking out the truth behind them. The us soldier travis king who was being held in north korea is back in us custody. Us Media Reports say he is now in china. Hours earlier, north korea said it would deport private king who ran into the country across the Demilitarized Zone injuly. He had been due to be flown to the us to face military Disciplinary Proceedings when he escaped his escort and entered north korean territory. Live now to our washington correspondent gary odonoghue. In terms of the very latest, take us through what we have learned over the last few hours . We now know that the last few hours . We now know that the United States has travis king in its custody. We dont know where he is at this moment in time. There are plenty of Media Reports here saying that he exited north korea via china. We cannot confirm that officially at that point in time. We are waiting to hear, i think perh
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.
The field is located 80 miles west of shetland, and is thought to contain 500 Million Barrels of oil, which makes it the uks largest untapped oil field. But the plan has faced widespread criticism. Last month 50 mps and peers from all major parties raised concerns the oil field could produce 200m tonnes of carbon dioxide. Craig macmahon is Senior Vice President for research at the Energy Consultancy wood mackenzie. I asked him what this means for the uk as an oil producer. The scale of rosebank in a uk perspective is not insignificant. On a global perspective, its much, much smaller. So at peak production levels, maybe in about 2027, 2028, we would expect production between maybe 60,000 and 70,000 barrels per day. If you put that into perspective, i mean, currently oil demand sits at 101 Million Barrels per day on the global scale. So that is to say that rosebank will ultimately contribute significantly less than 0. 1 of supply. From the uk perspective, though, its slightly different.
Families. That is weight what i think what we are announcing today, it is a change, it is a different way to approach these decisions. Britains Opposition Labour Party has condemned mr sunak s move and vowed to stick to the governments original net zero strategy. And the Scottish National party, which holds power in scotland, has also criticised the Uk Governments change of course. Earlier i spoke to the First Minister of scotland, humza yousaf. First minister, thank you so much forjoining us on bbc news. I want to start with the uk Prime Minister rishi sunak s announcement today on climate goals. The uk has been a leader on battling Climate Change. Where does this decision leave the uk . Well, it very firmly takes the uk out of the Global Consensus. The Global Consensus is we need to do more to tackle Climate Change. And the reason why scotland has been invited, for the first time, to the un for the Climate Ambition Summit is because we are showing leadership. So the same day we are s