Emeritus Prof Christopher May3d ago

The narrative that all we need to do to solve our energy crisis is to exploit the North Sea more is undermined by the actual output of those field issued exploration & production licences in the last decade... they're not producing very much at all.

Rather than listen to the fossil fuels lobby what the UK needs to do is really push further with the green transition to renewables & better storage.

Here, Ed Miliband is on the right side of history!

#energy #renewables
https://www.theguardian.com/business/2026/mar/28/north-sea-oil-gas-licences-conservatives

Hundreds of North Sea licences granted by Tories ‘produce only 36 days of gas’

Exclusive: Findings cast doubt on claims new drilling would help cut bills and boost energy security, researchers say

The Guardian
Show threadSteven Heywood
@ChrisMayLA6
Mineral licences are tradable permissions to do something which might be unprofitable or impossible and like land ownership the profit lies in their capital value and associated tax efficiencies while their risks lies in their actual use.
Mar 28 at 12:27pmWeb