Major UK Oilfield Could Be Abandoned If Labour Wins Next Election ...Middle East

OILPRICE - Economy
Major UK Oilfield Could Be Abandoned If Labour Wins Next Election
source : OILPRICE ( Middle East ) () 37
Equinor’s Rosebank oil project in the UK North Sea could be in doubt and Britain’s energy security undermined if the opposition Labour Party wins the next election and follow through on a pledge to ban new developments, industry sources told The Telegraph on Sunday. Labour leader Keir Starmer plans to officially announce next month the party’s intention to not approve any new oil and gas projects in the North Sea, the Sunday Times reported. “We are against the granting of new licences for oil and gas in the North Sea. They…

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