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In her Q&A this morning Rachel Reeves, the chancellor, confirmed that she wants the government to approve the licences for the Rosebank and Jackdaw oil and gas fields in the North Sea.
She said:
I’ve been very clear that I think that the North Sea is a crucial asset for the UK, and that oil and gas will be an important part of our energy mix for years to come. And I’m very keen to make sure that we use that resource, to ensure our energy security.
There are decisions to be made shortly on both Rosebank and Jackdaw. Those are quasi-judicial decisions. But in our manifesto two years ago, we committed to honour existing licences, and I hope that we do.
