theguardian_business

Burnham promises ‘pragmatic’ approach to North Sea oil and gas

📰 source: theguardian_business · 💼 business

andy burnham said he'll take a 'pragmatic' approach to north sea oil and gas, arguing the government 'can't ignore' the energy resources there. the comments came after donald trump claimed burnham told him he'd 'open up' north sea oil, a detail absent from the uk's readout of their call.

the pm insisted he meant only a pragmatic approach. labour's 2024 manifesto ruled out new drilling licences, and burnham says he'll stick to that, but he didn't clarify whether existing licences could see more drilling. the ambiguity has already irked some labour mps, including foreign secretary ed miliband, who once called rosebank 'climate vandalism'. green party leader zack polanski condemned the remarks, saying new drilling worsens climate breakdown, especially during drought and wildfires.

key test cases are the jackdaw gasfield east of aberdeen and rosebank west of shetland. campaigners warn approving them would break the manifesto. there's speculation some projects might pass as 'tiebacks' to existing infrastructure, which could be argued not to breach the pledge.

why it matters: burnham's pragmatic stance on north sea drilling puts labour's climate pledges and manifesto promises under immediate pressure.

source: theguardian_business
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Surprise fall in US jobs last month as slow summer continues

Homes are selling below asking in 38 of the 50 biggest U.S. cities—if you can afford one

China is gaining ground in AI. But the U.S. still has a major advantage

US strikes $1.2bn deal to pay German firm to halt offshore wind projects