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Britain approves new North Sea oil drilling in welcome news for the industry but not activists

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British regulators have approved new oil and gas drilling at a site in the North Sea.

FILE - North sea oil exploration platforms lie in the Cromerty Firth in northern Scotland on March 2, 2003. British regulators on Wednesday, Sept. 27, 2023, approved new oil and gas drilling in the North Sea, a move environmentalists say will hurt the countrys attempt to meet its climate goals. – 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.

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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Britain approves new North Sea oil drilling in welcome news for the industry but not activistsBritish regulators have approved new oil and gas drilling at a site in the North Sea.
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