Mr Net Zero to have the final say on drilling for oil in the Falklands

← Back to the feed

Mr Net Zero to have the final say on drilling for oil in the Falklands

Daily Mail · 2 weeks ago

Ed Miliband will have the final say on licences for oil exploration and development in the Falkland Islands, despite his record of opposing new North Sea oil and gas exploration. The issue has become politically contentious, with Conservatives urging him to approve the projects and Argentina threatening legal action against companies operating near the islands.

A 31 December deadline covers licences for the next £2.25 billion phase of the approved Sea Lion development and the proposed Darwin project. Falkland Islands law requires the UK Foreign Secretary’s consent for licences or changes to their conditions, while the UK Government says resource development supports the islanders’ self-determination. The dispute comes alongside delays over North Sea projects and controversy over Labour’s promise of 1,000 green-energy jobs in Aberdeen, of which 53 permanent positions have reportedly been created.

  • Miliband will decide on future Falklands oil licences.
  • Argentina threatens action against companies operating near the islands.
  • Key licences face a 31 December deadline.

World

Read the full article at the source →