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of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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Free AccessUK intends to produce 100% of North Sea reserves: Shapps
UK Energy Minister Grant Shapps said the government intends to extract 100% of its North Sea oil and gas reserves and still meet net-zero ambitions by 2050.
- Shapps suggested that this is possible as the continental shelf’s reserves were depleting.
- “Even if we granted every single conceivable licence to the North Sea . . . the [UK’s oil production] would decline at seven per cent a year, twice the rate of the IPCC [recommendations],” he said.
- This contrasts the opposition labour party’s stance on granting no new North Sea licenses if they win the next general election.
To read the full story
Sign up now for free trial access to this content.
Please enter your details below.
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.