After Approving Jackdaw, UK Govt Bans Any Further Exploration
When Burnham approved Jackdaw gas field last month, some suggested he was going weak on ‘net zero’
As I suggested at the time, it was just a PR exercise, to garner a few votes.
The new Energy Independence Bill confirms that, as it says no new licences will be given to drill new North Sea exploration wells:
Source: gov.uk
Although this is already the policy, it has only been an administrative moratorium. If a future government wants to reverse the policy, it will need Parliament’s permission.
You can also forget about promises of lower bills! The only action this Bill takes is to support plans to scrap standing charges on household gas bills.
This is unlikely to result in lower bills, as you can bet companies will just increase unit prices to make up the revenue lost from standing charges.
The overall effect is that total bills will remain about as they are, until the next time the price cap is increased, when bills will go up again.
See more here notalotofpeopleknowthat
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