Oil and gas lobbyists have met ministers 96 times since July 2024 as industry pushes to overturn Labour's North Sea drilling ban and scrap energy windfall tax.
most of the drilling sites that are still out there are below break-even, so they’d be needing the gov to reduce their share to make them profitable, making them even closer to totally pointless for the UK.
EDIT: scratch that, “closer to totally pointless” implies there’s a tiny thin slither of benefit, there’s not because we do still pay the environmental price, we just get no benefit, so “closer to purely harmful” is probably more accurate.
most of the drilling sites that are still out there are below break-even, so they’d be needing the gov to reduce their share to make them profitable, making them even closer to totally pointless for the UK.
EDIT: scratch that, “closer to totally pointless” implies there’s a tiny thin slither of benefit, there’s not because we do still pay the environmental price, we just get no benefit, so “closer to purely harmful” is probably more accurate.