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the british government has given energy companies the green light to develop one of the largest untapped oil and gas fields in uk waters. rosebank lies in the north sea, about 80 miles west of shetland. experts say it contains up to 350 million barrels of oil. production could start in 2026, with extraction continuing until at least 2030. it s thought that around 69,000 barrels of oil could be produced every day. that would equate to about 8% of the uk s total output. and there would also be natural gas, with about 44 million cubic feet produced per day during the project s lifetime. the energy secretary clare coutinho said. but there has already been criticism. the environmental group greenpeace says. and it described the decision to give the go ahead to the rosebank oil field as reckless . our business correspondent peter ruddick explained how the decision was reached. well, it would have been a controversial decision given the cost and environmental impacts at any time bu ....
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. it s thought that around 69,000 barrels of oil could be produced every day. that would equate to around 8% of the uk s total output. and there would also be natural gas with around 44 million cubic feet of it produced per day during the project s 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 secu ....
a figure the greens say would be more than the combined emissions of all of the world s 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, let s 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 won t 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 be ....
will then go on to form the basis of the pitch, the offer they make to voters at the next general election. so, the liberal democrats are currently the fourth largest party in the uk parliament. they have, though, in the past, held the balance of power and that adds i think, an extra interest to what we hear coming from them this weekend. so, what are we likely to hear in terms of policy? well, we re expecting that they will be putting forward new policies on housing, on sewage, in waterways. that s been a huge issue for them in recent years. but primarily, we re expecting to hear an awful lot on health policy. and in fact, the first thing that they chose to announce out of this conference was a policy to give free personal care. so things like help with taking medication or helping people to wash or dress where needed to everyone, they say, who needs it in england. and they are saying that that would cost £5 billion a year. they reckon that they can save £3 billion a year ....
helen catt reports, there s been concern in political circles about the plans. reducing the uk s emissions to net zero by 2050 is set in law. by then, the country will only be able to put as many pollutants into the atmosphere as it can take out. but rishi sunak is about to make a significant gear shift in how the government plans to get there. ministers insist it s just the route that s changing, not the destination. the prime minister is taking an approach of pragmatism and proportionality when it comes to delivering our net zero commitments. it s right that he assesses the issue as a whole, taking into account people s bank balances, livelihoods. and ultimately, we re not going to save the country by bankrupting the british people. delaying measures such as bans on new oil and gas boilers has been called for by some conservative mps who agree that it would be a burden on households. but the former cabinet minister, sir alok sharma, seen here with the king and mr. sun ....