UK starts new licensing round for oil and gas exploration ‘despite climate fears’, says ITV News
Climate obsessives think importing energy from anywhere and everywhere is somehow better than producing it at home. Economics and geo-politics don’t get considered. They expect to wake up one day and find fuel power is history, despite it providing about 80% of the world’s energy. Time to abandon the dismal mythology.
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The UK has started a new licencing round for oil and gas exploration despite the government’s pledge to achieving its net zero target, says ITV News.
Business and Energy Secretary Jacob Rees-Mogg has insisted the move will boost both the UK’s economy and energy security.
The North Sea Transition Authority (NSTA) has now begun the 33rd round of offshore licences, which are being made available for sectors of the North Sea – known as blocks – with the NSTA estimating that over 100 may be granted.
Speaking ahead of the process getting under way on Friday, Mr Rees-Mogg said: “Putin’s illegal invasion of Ukraine means it is now more important than ever that we make the most of sovereign energy resources, strengthening our energy security now and into the future.
“Ensuring our energy independence means exploiting the full potential of our North Sea assets to boost domestic production – recognising that producing gas in the UK has a lower carbon footprint than importing from abroad.
“That is why we welcome the launch of the NSTA’s new licensing round, which will help support highly skilled jobs across the UK’s energy industry, boosting both our energy security and our economy.”
. . .
Mike Tholen, acting chief executive for industry body Offshore Energies UK (OEUK), said: “The UK gets 75% of its total energy from gas and oil so producing our own reduces our vulnerability to global shortages of the kind caused by the Ukraine conflict.”
He added: “There is no conflict between issuing new licences and reaching carbon neutrality.
“Our industry is committed to net zero and also to helping build the low-carbon energy systems of the future. But this is a journey that will take decades during which we will still need gas and oil.
“Many existing UK oil and gas fields are in decline so the risk is that production will drop much faster than demand, leaving us more dependent on imports. That is why new licences are so important.
“New licences also help maintain continuity for the energy operators and for our vital supply chain companies which, between them, employ over 200,000 people.
“The success of this and the next licensing rounds will be vital for our nation’s long-term energy security and to ensure we deliver on the UK’s commitment to reach net zero by 2050.”
Full article here.
Source: https://tallbloke.wordpress.com/2022/10/07/uk-starts-new-licensing-round-for-oil-and-gas-exploration-despite-climate-fears-says-itv-news/
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