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Oil & Gas

Labour Party confirms plans for GB Energy ahead of 2023 conference

28 September 2023

The Labour Party has pledged to create Great British Energy, a new, publicly-owned clean energy company to make the UK ‘energy independent’ and deliver 100% clean energy by 2030.

Reference article:

  • Source: The Labour Party
  • Date: 28th September 2023

The latest from the Oil & Gas timeline:

Policy Insight 15th October 2024

Cumbria coal mine cancelled

In a reversal of the government’s decision to grant planning permission for a new coal mine near Whitehaven in Cumbria, the High Court ruled that the greenhouse gas emissions of the coal to be burned at the mine had not been taken into account when the decision had been made.

Instead, and echoing the claims of ‘net zero’ airports which don’t include the emissions from flights, consideration had only been given to the emissions released in building and operating the facility.

The High court decision came during the same month that the last of the UK’s coal-fired power stations was closed.

Climate Barometer Tracker 17th July 2024

Tracker data: Renewables better for energy security than fossil fuels

Climate Barometer Tracker data shows that renewable energy is seen as better for the country’s energy security than coal, oil and gas.

On reliability, the public are split, with 41% saying renewables are more, or as reliable as fossil fuels, and 40% of the public seeing fossil fuels as ‘more reliable’.

However, renewables are also seen as cheaper, and more popular with the public.

Opinion Insight 12th June 2024

General Election 2024: Scottish views on the North Sea transition

Polling in the weeks leading up the 2024 General Election by the consultancy True North was reported as showing 75% of people supporting North Sea oil & gas – this is a much higher number than would be expected from wider polling.  But the wording of the questions asked people to choose between imported oil and domestic oil (not oil vs renewable energy, which is consistently preferred as the best way to reduce the country’s reliance on importing foreign oil and gas).

Polling by Uplift, carried out at a similar time, found that North Sea oil and gas companies are widely considered by most respondents (70%) to benefit more from extraction in the basin than Scotland itself does currently.

Uplift found that SNP voters were the most concerned about climate change, and that 45% of SNP voters thought the UK Government should stop issuing new oil and gas drilling licences in the North Sea, compared with 31% in favour of new licensing.

Previous research with SNP voters also found higher support than opposition for ending licenses to drill in the North sea, and at a British level there’s much more support for renewables than oil and gas. But there isn’t yet a clear majority in favour of ending oil and gas exploration altogether – in Scotland or in Britain.

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