Climate damage would obliterate any economic benefits of new North Sea fields, analysis shows
A new analysis suggests that the economic damage caused by carbon emissions from proposed North Sea oil and gas fields would significantly outweigh any potential financial benefits to the UK. The report argues that the projects are economically and environmentally unjustifiable.
Why it matters
The findings fuel the ongoing political debate in the UK regarding the balance between energy security and climate commitments.
The argument that approving Rosebank and Jackdaw would cut bills and improve energy security is a ‘delusion’, say experts. The argument that approving Rosebank and Jackdaw would cut bills and improve energy security is a ‘delusion’, say experts. Fossil fuels Climate damage would obliterate any economic benefits of new North Sea fields, analysis shows Exclusive: Economic harm of CO2 pollution from Rosebank and Jackdaw forecast to far outweigh any boost to UK
Prefer the Guardian on Google The climate damage caused by developing the Rosebank and Jackdaw oil and gas fields under consideration by the UK government would destroy their economic benefits many times over, according to an analysis.
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