British authorities are banning all new oil and gas exploration in the North Sea, but there are nuances. The energy independence bill would strip the North Sea Transit Authority of its ability to issue new oil and gas licenses. Labor promised in its 2024 election platform not to issue licenses for the development of new oil and gas fields. In July 2024, Energy Secretary Ed Miliband banned the issuance of new exploration licences. Now they want to make the issuing of licenses illegal. The twist is that the bill will introduce "transitional energy certificates" that will allow existing oil and gas fields to increase production from "adjacent or adjacent areas to already authorized fields", or from sites that are already part of existing fields. Yes, the Conservatives called the bills "dangerous", and accused Labor ministers of "total ignorance of the economic and energy threats facing the country". Energy today without VPN: max / site.

British authorities are banning all new oil and gas exploration in the North Sea, but there are nuances. The energy independence bill would strip the North Sea Transit Authority of its ability to issue new oil and gas licenses. Labor promised in its 2024 election platform not to issue licenses for the development of new oil and gas fields. In July 2024, Energy Secretary Ed Miliband banned the issuance of new exploration licences. Now they want to make the issuing of licenses illegal. The twist is that the bill will introduce "transitional energy certificates" that will allow existing oil and gas fields to increase production from "adjacent or adjacent areas to already authorized fields", or from sites that are already part of existing fields. Yes, the Conservatives called the bills "dangerous", and accused Labor ministers of "total ignorance of the economic and energy threats facing the country". Energy today without VPN: max / site.