UK Moves To Ban New North Sea Oil & Gas Licenses Permanently

UK Moves To Ban New North Sea Oil & Gas Licenses Permanently Via City AM, The UK government will introduce legislation banning new North Sea oil and gas exploration licences as part of its Energy Independence Bill. Critics argue the policy will increase Britain’s reliance on imported fossil fuels while damaging Scotland’s oil and gas industry. Rising oil prices and disruptions tied to the Iran conflict have intensified political pressure on Labour to reconsider the ban. The g...

By Tyler Durden