BP's decision to sell its North Sea oil business underlines concerns over British energy policy and its impact on investment and jobs.
BP’s decision to sell its North Sea oil business underlines concerns over British energy policy and its impact on investment and jobs . PULSE POINTS WHAT HAPPENED: BP has announced plans to sell its North Sea oil business, which includes five production hubs and employs approximately 1,100 people. The company stated this decision aligns with its broader strategy to streamline operations and focus on higher-value opportunities, against a backdrop of punitive climate regulations and windfall taxes on the sector imposed the incumbent Labour and prior Conservative governments. DETAIL: BP’s North Sea assets, including Glen Lyon, Clair, and Clair Ridge, have been central to the British energy system for decades. However, political…Open
Miatta Fahnbulleh, appointed as Andy Burnham’s Secretary of State for Energy Security and Net Zero, has a family history intertwined with radical politics and government upheavals in her native Liberia.PULSE POINTS WHAT HAPPENED: Former asylum seeker Miatta Fahnbulleh has been appointed as Secretary of State for Energy Security and Net Zero by newly installed British […]
Miatta Fahnbulleh, appointed as Andy Burnham’s Secretary of State for Energy Security and Net Zero, has a family history intertwined with radical politics and government upheavals in her native Liberia. PULSE POINTS WHAT HAPPENED: Former asylum seeker Miatta Fahnbulleh has been appointed as Secretary of State for Energy Security and Net Zero by newly installed British Prime Minister Andy Burnham, drawing attention to her family’s controversial past in Liberia. DETAIL: Fahnbulleh’s family , known as “Vai aristocrats,” were involved in multiple government overthrow attempts in Liberia, fleeing to Britain in the 1980s. Her father, Henry Boimah Fahnbulleh Jr., served as foreign minister under Liberia’s former dictator Samuel Doe,…Open
Great Britain should be a virtual energy superpower. It is an island with prodigious reserves of energy, both carbon-based and renewable. The North Sea oil and gas fields may be in decline, but there are still around 14 billion barrels of the black stuff lurking under the waves, and new discoveries are being made every […] The post British Energy Policy’s Suicidal Empathy appeared first on The American Conservative .
UK Special Coverage British Energy Policy’s Suicidal Empathy The UK could be an energy superpower. Why isn’t it? UK Special Coverage Credit: Neil Michael Great Britain should be a virtual energy superpower. It is an island with prodigious reserves of energy, both carbon-based and renewable. The North Sea oil and gas fields may be in decline, but there are still around 14 billion barrels of the black stuff lurking under the waves, and new discoveries are being made every year. Windy Britain also boasts 42 percent of Europe’s offshore wind capacity. And of course the UK is sitting on vast reserves of shale and the coal which made this country the cradle of the Industrial Revolution. So with all this energy, why are British…Open