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‘Grossly irresponsible’: UK hands out 24 new North Sea oil and gas licences

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By illuminem briefings

· 2 min read

illuminem summarizes for you the essential news of the day. Read the full piece on The Guardian or enjoy below:

🗞️ Driving the news: The British government has awarded 24 new drilling licenses to major oil companies, including Shell and BP, for fossil fuel extraction in the North Sea
•  This decision, part of efforts to sustain the oil and gas sector, has sparked controversy among MPs and environmentalists, who label it as counterproductive to climate goals

🔭 The context: These licenses, granted in various North Sea regions, aim to bolster local and broader economies, with production potentially starting before 2030
This move follows an initial batch of 27 licenses and is defended by the government as a step towards energy security and net zero ambitions, despite criticism for contradicting the UK's climate commitments

🌍 Why it matters for the planet: Critics argue that expanding fossil fuel extraction contradicts global efforts to reduce carbon emissions and combat climate change. The policy has been slammed for prioritizing short-term economic gains over environmental sustainability and for potentially undermining the UK's climate leadership on the international stage.

⏭️ What's next: The decision has reignited the debate over the UK's energy policies and its commitment to transitioning away from fossil fuels
Environmental groups and some policymakers are calling for a more coherent strategy that aligns with climate objectives, emphasizing the need for a shift towards renewable energy sources and sustainable practices

💬 One quote: "If we didn’t have new oil and gas licences we would import new [liquefied natural gas] from abroad which is four times as carbon intensive as the gas produced here," - Graham Stuart, minister for energy security and net zero

📈 One stat: The oil and gas industry supports about 120,000 jobs in the UK, highlighting the sector's economic significance despite its environmental impact

Click for more news covering the latest on environmental sustainability

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