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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