Rosebank and Jackdaw: Adura-commissioned report says rejecting the fields could cost the UK £10.8 billion

Summary

Equinor has warned that the UK risks being 'uninvestable' and that it may shun further investments there if the new oil and gas fields at Rosebank and Jackdaw are not approved, and Anders Opedal, the boss of the Norwegian state oil company, suggested the company would look elsewhere if final approval was not granted for the two sites. Andy Burnham noted that a 'pragmatic' approach towards North Sea oil and gas would be adopted ahead of the pending rulings on Jackdaw and Rosebank, The Independent reported. On Sunday 11 October, the Tories urged Andy Burnham to stop 'dithering' and approve Jackdaw and Rosebank, accusing Labour of delaying its decision on Jackdaw out of fear of losing to the Greens in the Holborn and St Pancras by-election, according to the Evening Standard and The Independent. On Tuesday 13 October, the Evening Standard and The Independent reported that rejecting Rosebank and Jackdaw could cost the UK economy £10.8 billion, according to new research commissioned by Adura, the company behind both projects.

Latest: Rejecting Rosebank and Jackdaw could cost the UK economy £10.8 billion, according to research commissioned by Adura, the company behind both projects, the Evening Standard and The Independent reported.

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