• AutoTL;DRB
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    18 months ago

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    The Offshore Petroleum Licensing Bill – to be debated in the Commons on Monday – has already triggered widespread protests, including the resignation of Chris Skidmore, a former Conservative energy minister.

    UpLift, which campaigns for green energy, pointed out that the bill, which the government says will “max out” the UK’s reserves, will actually result in only a 2% rise in North Sea gas output.

    “Sunak, like his predecessor Liz Truss, is obsessing over oil and gas, but dithering on renewables and insulation which will boost UK energy security and lower bills,” said Tessa Khan, executive director of UpLift.

    By contrast, investing in clean British energy and electrifying the economy, with heat pumps and electric vehicles, would reduce dependence on insecure and expensive fossil fuels, Ward added.

    A new report by a group of leading economists including Nicholas Stern, criticises the government for allowing too much investment to continue to flow into unsustainable economies such as the development of new oil and gas fields and the construction of homes and offices that are not energy efficient or climate-resilient.

    “Investing in the opportunities afforded by the global transition to an efficient, resilient and inclusive economy needs to be a bigger part of restoring productivity and output growth for the UK to gain a competitive lead in the innovative markets of the 21st century,” they state.


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