00:00 The UK approved the exploration of oil and gas in its largest undeveloped field, the
00:05 North Sea Transition Authority, the responsible regulatory body said on Wednesday.
00:11 To improve energy security and ensure low energy prices, according to the authority,
00:16 it had granted development and production consent to the companies Equinor and Ithaca
00:21 Energy.
00:22 Production on the Rosebank Field, located in the North Sea some 128km (80 miles) northwest
00:30 of the Shetland Islands, is expected to start in 2026 at the earliest and could produce
00:36 an expected 300 million barrels of oil over its lifetime.
00:41 The British government said developing new fields is necessary to improve the UK's energy
00:46 security and ensure stable prices, particularly in light of the ongoing Russian war in Ukraine.
00:52 UK Energy Security Secretary Claire Cuttin O'Said the measures would help grow the national
00:58 economy and help us deliver the transition to cheaper, cleaner energy.
01:03 The approval comes on the heels of Prime Minister Rishi Sunak significantly softening some of
01:08 the UK's climate policies.
01:11 Last week, Sunak pushed back the phase-out of combustion engine cars and gas boilers,
01:17 among other steps that would have reduced greenhouse gas emissions.
01:21 Nonetheless, the government says it is still on track to meet zero carbon emissions by
01:26 2050, as the new project will cause significantly less emissions than previous developments.
01:33 Approval draws anger from activists and opposition.
01:36 But environmental activists and Green politicians have blasted the decision, arguing the measures
01:42 mean the UK will miss its climate targets.
01:45 This is morally obscene, Green Party lawmaker Carolyn Lucas posted on social media.
01:51 It won't improve energy security or lower bills eh but it will shatter our climate commitments.
01:57 In August, 50 politicians from both houses of the UK Parliament and representing all
02:02 major parties wrote to the government to block the approval, saying it could produce 200
02:07 million tonnes of carbon dioxide.
02:10 Several climate scientists have come out against the Conservative government's U-turn on
02:15 climate policy, which is seen by observers as an attempt to win over voters ahead of
02:20 the 2024 election.
Commentaires