LinkedIn, Oliver Bolton: Britain bans oil and gas exploration in new fields

Up to 1 to 2 billion tonnes of future CO2 may have been prevented by ending new offshore oil and gas exploration. One of the most significant climate decisions taken by any major economy in years. The UK government has confirmed that it will stop issuing new offshore exploration licences as part of its North Sea Future Plan. This makes the UK the first major producer in the Global North to draw a line under new fossil fuel expansion. It sends a clear message that the future is clean energy, not new drilling. The plan also removes the legal duty in the Petroleum Act to maximise the economic recovery of oil and gas, replacing it with climate-linked objectives. A long overdue shift in direction. DETAILS.