New Oil and Gas Fields Incompatible with Paris Climate Goals

Rosebank oilfield: why more UK oil means more global emissions

Frode Koppang / shutterstockThe UK government will soon face a momentous decision over whether to approve production in the Rosebank oilfield off the coast of Shetland. Rosebank is the UK’s biggest undeveloped field. Its proponents – the largest of which is Norwegian state-owned petroleum company, Equinor – estimate that it will produce the equivalent of up to 500 million barrels of oil between 2026 and 2051. When burned, this oil will generate …

New oil and gas fields incompatible with Paris climate goals

Opening any new North Sea oil and gas fields is incompatible with achieving the Paris Climate Agreement goals of limiting warming to 1.5°C or holding warming to "well below 2°C" relative to preindustrial levels, finds a new report published by UCL academics.

New North Sea oil and gas fields incompatible with Paris Climate Goals

A UCL report states that new North Sea oil and gas fields are incompatible with the Paris Agreement climate goals. Researchers urge the UK government to cease licensing and halt the development of existing fields like Rosebank and Jackdaw, preventing catastrophic warming Opening any new oil and gas fields in the North Sea is fundamentally at odds with the global ambition to limit warming to 1.5°C, or even “well below 2°C,” as stipulated by the P…

New Oil and Gas Developments Clash with Paris Climate Targets

A groundbreaking report from University College London (UCL) researchers has delivered a stark warning to policymakers and the global energy sector: opening new oil and gas fields in the North Sea is fundamentally incompatible with the Paris Climate Agreement’s objectives. The study, led by experts at the UCL Energy Institute, the Department of Political Science, and the UCL Policy Lab, demonstrates that any approval of new fossil fuel developme…