Business · 2 hours ago
UK may approve new oil field without counting export emissions.
Photo by Rob Barber on Unsplash
Government insiders say Rosebank, the giant North Sea oilfield, can be approved because emissions from burning exported oil don't count against UK targets. Energy secretary Miatta Fahnbulleh is leaning towards rejecting it, while chancellor John Healey is pushing for approval. Adura, the firm running the field, estimates it would bring in £500m a year in tax by the end of this parliament.
Reported by The Guardian · How we write briefs