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
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.
Helen catt reports, theres been concern in political circles about the plans. Reducing the uks 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 its just the route thats changing, not the destination. The Prime Minister is taking an approach of pragmatism and proportionality when it comes to delivering our net zero commitments. Its right that he assesses the issue as a whole, taking into account peoples bank balances, livelihoods. And ultimately, were 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. Sunak, is among those who
Of emissions to zero by 2050 is set in law, and 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 is just the route that is changing not the destination. The Prime Minister is taking an approach of pragmatism and proportionality when it comes to delivering our net zero commitments. Its right that he assesses the issue as a whole, taking into account peoples bank balances, livelihoods and ultimately we wont save the country by bankrupting the biggest people. Delays on gas boilers has been called for by some conservative mps to agree it would be a burden on households. But the farmer cabinet minister alec sharma seen with the king and rishi sunak is a person who worries it will because modes in international influence. Some Opposition Politicians think rishi sunak is misreading the public mood. We know investment in t