Previous Energy Secretary Ed Miliband has described the decision to issue a development licence to Rosebank as “climate vandalism.” But now new Prime Minister Andy Burnham and new Energy Secretary Miatta Fahnbulleh have vowed to take a more “pragmatic” approach to the North Sea. The decision to approve both fields has allegedly been pushed back to this month because of the “optics” of approving new oil and gas licences during a heatwave. Stop press: the decision might now be postponed beyond the Holborn and St Pancras by-election because of pressure from the Greens.
Sensing weakness in the Government, the green industrial complex has ramped up the rhetoric with the Guardian claiming a new analysis calculated that £119 billion to £336 billion of economic damage would be caused by burning the hydrocarbons produced by Rosebank and Jackdaw, or £170–483 billion under a high production scenario. This article looks at the source of those claims and tests their veracity....<<<Read More>>>....
