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Chancellor John Healey hails the decision to approve extraction from Jackdaw gas field in the North Sea, saying the gas coming ashore from Jackdaw will be "heating people's homes and powering people's businesses". Report by Kennedyl. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn

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00:00It'll mean that we can accelerate the necessary transition to clean energy
00:06that gives us greater security as a country from our own energy generation.
00:11And it means the proceeds of this oil and gas coming ashore now
00:16can be invested for the future generations.
00:19If we'd done this when North Sea oil and gas was first discovered in the 1980s,
00:24we'd have a British sovereign wealth fund now that would be worth probably a trillion pounds.
00:30And the one thing that matters to me today is that this demonstrates
00:34that when Britain sets its mind to do something, we can do it.
00:37The gas coming ashore from Jackdaw within a month
00:40will be heating people's homes and powering people's businesses.

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