Projects

If approved, Rosebank, the UK’s largest undeveloped oil field, is projected to generate billions in profits for its private developers, Equinor and Ithaca Energy. But new analysis shows that it is UK taxpayers, not the companies, who would foot most of the bill – and could lose millions.

Opening any new North Sea oil and gas fields is incompatible with achieving the international goal of limiting warming to 1.5°C, which the UK signed up to in the Paris Agreement. 

Right now, the UK Government is consulting on widespread policy changes that will determine the future of the North Sea. Today marks the last day of the consultation. This article summarises what is required to ensure that workers, communities and the wider public benefit from the North Sea’s transition from an ageing oil and gas basin to a thriving renewable energy powerhouse.