Streeting backs ‘progressive capitalism,’ drilling and the bond market

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https://morningstaronline.co.uk/article/streeting-backs-progressive-capitalism-drilling-and-bond-market

 Wes Streeting speaking about so-called ‘progressive capitalism’ at No1 Tower Place West, in central London, June 16, 2026

LABOUR leadership pretender Wes Streeting came out fighting today for carbon fuel, the bond market and “progressive capitalism.”

The former health secretary reaffirmed that he will contest any leadership election triggered by Manchester Mayor Andy Burnham’s expected victory in the Makerfield by-election this week.

Mr Streeting, the Blairite candidate in any election, backed plans to drill for oil and gas in the Rosebank and Jackdaw fields in the North Sea.

He said he aimed to “protect the workers in oil and gas, who’ve seen words like ‘just transition’ translate into jobs for someone else, somewhere else. We should be working with the unions on this – not least on making sure that we’re building our clean power future here in Britain, not simply importing it from China.”

He denied that this would forfeit Britain’s “moral leadership” on climate change.

“The best example we can set is to show the world that net zero is compatible with a pro-growth agenda. The worst example would be losing support for the net zero agenda, handing the country to Nigel Farage, and allowing Reform to destroy the renewables industry,” Mr Streeting said.

Green Party deputy leader Rachel Millward said his “call to open up new drilling in the North Sea is environmentally reckless and economically illiterate.

“Rosebank alone contains enough fossil fuel to produce over 200 million tonnes of CO2 if burned – more than the combined annual emissions of 28 low-income countries.”

Uplift director Tess Khan said: “Politicians need to learn the lesson of the last five years – the UK’s dependence on fossil fuels is making a handful of oil and gas companies obscenely rich and the rest of us poorer, while driving inflation, harming the economy and altering our climate.

“Streeting would do better to listen to the millions who are sick of the energy giants loading costs onto the rest of us, and pay less attention to this profiteering industry and its proxies, like Tony Blair and Donald Trump.”

https://morningstaronline.co.uk/article/streeting-backs-progressive-capitalism-drilling-and-bond-market

Greenpeace activists display a billboard during a protest outside Shell headquarters on July 27, 2023 in London.
Greenpeace activists display a billboard during a protest outside Shell headquarters on July 27, 2023 in London. (Photo: Handout/Chris J. Ratcliffe for Greenpeace via Getty Images)
Donald Trump urges you to be a Climate Science denier like him. He says that he makes millions and millions for destroying the planet, Burn, Baby, Burn and Flood, Baby, Flood.
Donald Trump urges you to be a Climate Science denier like him. He says that he makes millions and millions for destroying the planet, Burn, Baby, Burn and Flood, Baby, Flood.
Nigel Farage urges you to ignore facts and reality and be a climate science denier like him and his Deputy Richard Tice. He says that Reform UK has received £Millions and £Millions from the fossil fuel industry to promote climate denial and destroy the planet.
Nigel Farage urges you to ignore facts and reality and be a climate science denier like him and his Deputy Richard Tice. He says that Reform UK has received £Millions and £Millions from the fossil fuel industry to promote climate denial and destroy the planet.

Continue ReadingStreeting backs ‘progressive capitalism,’ drilling and the bond market

New North Sea drilling would barely reduce UK gas imports at all, data shows

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https://www.theguardian.com/environment/2026/apr/04/new-north-sea-drilling-jackdaw-rosebank-uk-gas-imports

A gas platform in the North Sea off Norway. New fields in Scottish waters would leave the UK still dependent on supplies from Norway and elsewhere. Photograph: Bloomberg/Getty Images

Exclusive: research finds Jackdaw field would provide only about 2% of current demand, and Rosebank only 1%

Opening major new fields in the North Sea would make almost no difference to the UK’s reliance on gas imports, research has shown.

The Jackdaw field, one of the largest unexploited gasfields in the North Sea, would displace only 2% of the UK’s current imports of gas, which would leave the UK still almost entirely dependent on supplies from Norway and a few other sources.

The Rosebank field, also in Scottish waters but mainly containing oil, would displace only about 1% of the UK’s gas imports.

Tessa Khan, executive director of Uplift, the campaign group, which compiled the data from public sources, said: “New fields like Jackdaw and Rosebank would do vanishingly little to boost UK gas production. Even in the most optimistic scenario, and assuming none of its gas is exported, Jackdaw would provide just 2% of UK demand over its nine- to 12-year lifetime.”

It has already been shown, by authorities including the UK Energy Research Centre, that new drilling would not reduce oil and gas prices, or improve the UK’s energy security. It is also unlikely to produce durable jobs or major new tax revenues, as 90% of the UK’s North Sea oil and gas has already been burned, putting the industry in steep and irrecoverable decline. Companies are also demanding tax breaks to tap the new fields, which are harder to access than existing supplies.

Article continues at https://www.theguardian.com/environment/2026/apr/04/new-north-sea-drilling-jackdaw-rosebank-uk-gas-imports

Donald Trump urges you to be a Climate Science denier like him. He says that he makes millions and millions for destroying the planet, Burn, Baby, Burn and Flood, Baby, Flood.
Donald Trump urges you to be a Climate Science denier like him. He says that he makes millions and millions for destroying the planet, Burn, Baby, Burn and Flood, Baby, Flood.
Nigel Farage urges you to ignore facts and reality and be a climate science denier like him and his Deputy Richard Tice. He says that Reform UK has received £Millions and £Millions from the fossil fuel industry to promote climate denial and destroy the planet.
Nigel Farage urges you to ignore facts and reality and be a climate science denier like him and his Deputy Richard Tice. He says that Reform UK has received £Millions and £Millions from the fossil fuel industry to promote climate denial and destroy the planet.
Orcas comment on killer apes destroying the planet by continuing to burn fossil fuels.
Orcas comment on killer apes destroying the planet by continuing to burn fossil fuels.

Continue ReadingNew North Sea drilling would barely reduce UK gas imports at all, data shows

Thoughts of the day 27 May 2025

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Experienced climbers scale a rock face near the historic Dumbarton castle in Glasgow, releasing a banner that reads “Climate on a Cliff Edge.” One activist, dressed as a globe, symbolically looms near the edge, while another plays the bagpipes on the shores below. | Photo courtesy of Extinction Rebellion and Mark Richards
Experienced climbers scale a rock face near the historic Dumbarton castle in Glasgow, releasing a banner that reads “Climate on a Cliff Edge.” One activist, dressed as a globe, symbolically looms near the edge, while another plays the bagpipes on the shores below. | Photo courtesy of Extinction Rebellion and Mark Richards

So BP representing the fossil fuels industry and the filthy rich has given the climate, biodiversity and all humanity an unambiguous big two fingers. They’re saying fekk you, our profits come before anything, we continue to destroy the climate and all else. Despite the UK government saying no new licences in the North Sea we don’t know where they’re at with licence decisions pending for Rosebank and Jackdaw and government support for airport expansions at Gatwick and Heathrow. If they were serious about climate there would be no hesitation in refusing all these projects. Then there’s the big orange slug that Starmer is reporting to today. The planet can’t afford any of this. Capitalist scum have already fekked the climate, it’s going to get destroyed at a far greater rate now and these absolute bstards are pulling out all the stops.

Neo-Fascist Climate Science Denier Donald Trump says Burn, Baby, Burn.
Neo-Fascist Climate Science Denier Donald Trump says Burn, Baby, Burn.
Continue ReadingThoughts of the day 27 May 2025

Fossil fuel industry accused of seeking special treatment over oilfield emissions

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https://www.theguardian.com/environment/2025/feb/18/fossil-fuel-industry-accused-of-seeking-special-treatment-over-oilfield-emissions

Protests against the Rosebank oilfield in Edinburgh in 2024. Labour pledged in its manifesto to halt new North Sea licensing, but Rosebank was awaiting final approval when the party won the general election. Photograph: Murdo MacLeod/The Guardian

Lobbyists argued it was unfair for their industry to be treated the same as others as end product – oil and gas – inevitably produced emissions

Experts have accused the fossil fuel industry of seeking special treatment after lobbyists argued greenhouse gas emissions from oilfields should be treated differently to those from other industries.

The government is embroiled in a row over whether to allow a massive new oilfield, Rosebank, to go ahead, with some cabinet members arguing it could boost growth and others concerned it could make the goal of reaching net zero emissions by 2050 impossible to reach. Labour made a manifesto commitment to halt new North Sea licensing, but Rosebank and some other projects had already been licensed and were awaiting final approval when the party won the general election.

Documents seen by the Guardian show the industry group Offshore Energies UK (OEUK) asking for Rosebank and other oilfields’ “scope three emissions” – those caused by the burning of extracted oil and gas – to be treated differently because that was the point of their business.

A court case recently found the licence granted to Rosebank by the previous government was unlawful as it failed to take these emissions into account.

I am only able to quote a small section of this copyrighted article. See the original article at https://www.theguardian.com/environment/2025/feb/18/fossil-fuel-industry-accused-of-seeking-special-treatment-over-oilfield-emissions

Orcas are pleased that Rosebank and Jackdaw oil fields are blocked.
Orcas are pleased that Rosebank and Jackdaw oil fields are blocked.

Continue ReadingFossil fuel industry accused of seeking special treatment over oilfield emissions

New oil and gas field consent was unlawful – judge

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https://www.bbc.com/news/articles/c3e1pw7npklo

A court has ruled that consent for two new Scottish oil and gas fields was granted unlawfully and their owners must seek fresh approval from the UK government before drilling can begin.

The written judgement on the Rosebank and Jackdaw fields came after a case brought by environmental campaigners, Uplift and Greenpeace, at the Court of Session in Edinburgh.

In his judgement, Lord Ericht said a more detailed assessment of the fields’ environmental impact was required, taking into account the effect on the climate of burning any fossil fuels extracted.

He said work on both fields could continue while the new information was gathered but no oil and gas could be extracted unless fresh approval was granted.

Shell’s Jackdaw gas field in the North Sea was originally approved by the previous UK Conservative government, and the industry regulator, in summer 2022.

Permission for the Rosebank oil development, 80 miles west of Shetland in the North Atlantic, was granted in autumn 2023.

In a 57-page judgement, Lord Ericht wrote that there was a public interest in having the decision “remade on a lawful basis” because of the effects of climate change – which he said outweighed the interests of the developers.

https://www.bbc.com/news/articles/c3e1pw7npklo

Orcas are pleased that Rosebank and Jackdaw oil fields are blocked.
Orcas are pleased that Rosebank and Jackdaw oil fields are blocked.
Continue ReadingNew oil and gas field consent was unlawful – judge