Comment on Rosebank offshore oil field approval
Jess Ralston is available for comment and interview.
By George Smeetoninfo@eciu.net
Information on this page correct as of:
Commenting on the news that the Rosebank offshore oil field off Shetland has been granted consent by regulators , Jess Ralston, Energy Analyst at the Energy and Climate Intelligence Unit (ECIU) said:
“A week after a swathe of net zero U-turns and a few days after abandoning the expert Energy Efficiency Taskforce, the Prime Minister has shown that he'd rather give tax breaks to oil companies than lower energy bills. Taxpayers will fork out around £4bn to the developers of the oil field, money that could have insulated millions of homes with many set to be colder and poorer this winter.
“To make matters worse, Rosebank oil will mostly be exported and then sold back to us at whatever price the oil companies can get. So it won't help one bit with energy independence or gas bills, despite the Government's rhetoric. New renewables could help, but Treasury rules meant that no new wind power was secured at the latest renewable auction.
“What does this mean for today’s young and future generations? Inheriting the huge costs of decommissioning oil and gas fields and ever more emissions that are driving climate change.”
Notes to editors:
1. Rosebank oil field given go-ahead by regulator: https://www.bbc.co.uk/news/uk-scotland-scotland-business-66933346
2. Rishi Sunak scraps home energy efficiency taskforce: https://www.bbc.co.uk/news/uk-politics-66900999
3. Previous ECIU analysis found that one large windfarm could produce the same power as new North Sea gas fields: https://eciu.net/media/press-releases/2023/north-sea-moratorium-equivalent-to-just-one-new-offshore-wind-farm
For more information or for interview requests:
George Smeeton, Head of Communications, ECIU, Tel: 07894 571 153, email: firstname.lastname@example.org