UK Refuses To Stop Dev't Of North Sea Oil Field

The government has refused to commit to stopping the development of the Rosebank oil and gas field north of the Shetland Islands, The Telegraph reported.

Photo Insert: Critics of the Rosebank development have said that Equinor, a Norwegian oil giant, is under no obligation to sell its oil and gas to the UK and will do so to the highest bidder.

It is the largest such field in the North Sea area, capable of producing 69,000 barrels of oil and 44 million cubic feet of gas per day, Equinor, which has operating rights, said.

Critics of the Rosebank development have said that Equinor, a Norwegian oil giant, is under no obligation to sell its oil and gas to the UK and will do so to the highest bidder.

When asked by Labor's Richard Burgon whether the Conservatives would use their powers to halt development, climate change minister Graham Stuart said fossil fuels will still be required for decades to come.

He said it is better to produce gas on the UK Continental Shelf than import it.

He added: “The honorable gentleman is saying to his constituents, let's pay billions to foreign, sometimes hostile states, rather than producing our own. It's economic madness. The gas we bring in on tankers has two and a half times the emissions of our domestically produced gas.”

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