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Tony Blair calls on Labour to keep drilling for oil in North Sea
The Tony Blair Institute says reversing the ban and cutting the 38% windfall tax could unlock £165 billion, supporting jobs and energy security in the UK.
- Sir Tony Blair's institute called on Sir Keir Starmer to lift the ban on new exploration licences and to cut industry tax rates, urging more North Sea drilling this month.
- Framing its case, the Tony Blair Institute argued extracting North Sea oil would create a long-term tax base and said domestic production can be lower-carbon than importing liquified natural gas.
- The TBI highlighted the North Sea basin contains around 7.5 billion barrels of oil and gas, worth 165 billion, with experts urging caution on new licenses, and the Department for Energy Security and Net Zero defending the clean-power approach.
- Unions and party figures reacted, saying the intervention is a political blow to Starmer and could affect Ed Miliband's standing amid leadership speculation, as the TBI urged more North Sea drilling.
- Broader context shows mainstream economic and British business voices urge shifting from costly fossil markets controlled by petrostates to clean home-grown power, while the Climate Change Committee says electrifying transport and heating is vital and Grubb warns new gas plants may not lower bills.
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Former British Prime Minister Tony Blair's think tank has criticized the UK government's plans to gradually reduce oil and gas production, The Times reports.
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Total News Sources17
Leaning Left1Leaning Right6Center6Last UpdatedBias Distribution46% Center, 46% Right
Bias Distribution
- 46% of the sources are Center, 46% of the sources lean Right
46% Right
C 46%
R 46%
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