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Rejecting Rosebank and Jackdaw could cost UK economy £10.8bn, study warns

A new Adura-commissioned report claims the UK could lose £10.8 billion in economic value if the government fails to approve the Rosebank oil and Jackdaw gas fields in the North Sea.
Prime Minister Andy Burnham has delayed approval since succeeding Sir Keir Starmer in July, prompting Conservative shadow energy secretary Andrew Bowie to urge him to 'finally give the green light' to new North Sea drilling.
Data in the report projects the fields would provide a £4.1 billion tax revenue boost over the next decade and support 9,450 jobs annually, compared to 7,100 if developments do not proceed.
Environmental campaigners, including Oxfam Scotland head Katherine May, oppose the projects, claiming the industry-commissioned report is 'like asking a seagull whether chips should be left unguarded.'
Energy Secretary Miatta Fahnbulleh stated on Wednesday that any decision must remain 'compatible with our climate commitments' while balancing energy security and the need for affordable power for British households.

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Blocking Rosebank would cost £11bn, campaigners say as decision looms

Refusing permission for the drilling of the Rosebank and Jackdaw oil and gas fields in the North Sea would mean thousands of lost jobs and cost the UK economy almost £11 billion over the next decade, its developers have said, as a Government decision looms.

5 hours ago·Leeds, United Kingdom

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The Herald Scotland

Lean Left

Failure to approve Rosebank would cost UK billions, report finds

A report warns the UK could lose £10.8bn in economic value and thousands of jobs if ministers fail to approve the Rosebank and Jackdaw North Sea projects, as Oxfam Scotland dismisses the findings.

6 hours ago·Glasgow, United Kingdom

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