Britain approves new North Sea oil drilling, delighting the industry but angering critics

📆 05/07/1402 03:36 ب.ظ
📰 YahooFinanceCA

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LONDON (AP) — British regulators on Wednesday approved new oil and gas drilling at a site in the North Sea, a move environmentalists say will hurt the country’s attempt to meet its climate goals. The U.K.'s North Sea Transition Authority said it had approved the Rosebank Field Development Plan, “which allows the owners to proceed with their project.” Britain’s Conservative government argues that drilling in the Rosebank field, northwest of the Shetland Islands, will create jobs and bolster the U

LONDON — British regulators on Wednesday approved new oil and gas drilling at a site in the North Sea, a move environmentalists say will hurt the country’s attempt toThe U.K.'s North Sea Transition Authority said it had approved the Rosebank Field Development Plan, “which allows the owners to proceed with their project.”

One of the largest untapped deposits in U.K. waters, Rosebank holds an estimated 350 million barrels of oil. The government argues that Rosebank and other new projects will be "significantly less emissions intensive than previous developments.”

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