King: Govt to support licensing of new oil and gas fields

Royal Family Channel

King Charles III has said the government would support "the future licensing of new oil and gas fields" in his first speech as monarch in the House of Lords. His Majesty, a long-standing environmental campaigner, said the legislation would "strengthen the United Kingdom's energy security and reduce reliance on volatile international energy markets and hostile foreign regimes". At the State Opening of Parliament, The King said this will help the UK transition to net zero by 2050 "without adding undue burden on households". Report by Brooksl. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn

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00:00 Legislation will be introduced to strengthen the United Kingdom's energy security

00:07 and reduce reliance on volatile international energy markets and hostile foreign regimes.

00:15 This Bill will support the future licensing of new oil and gas fields,

00:23 helping the country to transition to net zero by 2050 without adding undue burdens on households.

00:32 Alongside this, my Ministers will seek to attract record levels of investment in renewable energy sources

00:41 and reform grid connections, building on the United Kingdom's track record

00:46 of decarbonising faster than other G7 economies.

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