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Reeves backs North Sea drilling to boost oil and gas supplies
Reeves says tie-backs could speed up North Sea supply, as she and Ed Miliband prepare an energy policy announcement.
- Chancellor Rachel Reeves announced support for North Sea drilling and tie-back arrangements on Thursday, describing them as the "quickest way" to boost domestic oil and gas supplies alongside Energy Secretary Ed Miliband.
- Ministers are working "pretty intensely" to open tie-back arrangements, which allow firms to exploit larger geographies of oil and gas using existing infrastructure without extensive new construction.
- Reeves confirmed she is "very happy" to back exploration at the Rosebank oilfield and Jackdaw gasfield, while Miliband reportedly accepts tie-backs since they avoid new exploration requirements.
- President Trump intensified pressure on UK energy policy Thursday, urging the government to "incentivise the drillers" in the North Sea and previously calling officials "absolutely crazy" for not boosting extraction.
- Labour must balance immediate energy security against its net-zero commitments while responding to global energy price volatility triggered by Middle East conflicts, reshaping the party's climate strategy.
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The TelegraphReposted by 
The Daily Sceptic
The Daily ScepticBritain to ramp up North Sea drilling, says Reeves
Chancellor’s decision was buried in a Treasury report on scheme to cut industrial power costs
·London, United Kingdom
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Coverage Details
Total News Sources7
Leaning Left1Leaning Right4Center2Last UpdatedBias Distribution57% Right
Bias Distribution
- 57% of the sources lean Right
57% Right
14%
C 29%
R 57%
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