News > UK offers licensing round for North Sea oil & gas exploration

UK offers licensing round for North Sea oil & gas exploration

Business Standard | 07/10/2022 06:20 PM | Click to read full article

The British government opened a new licensing round for the North Sea oil and gas exploration despite criticism from environmentalists and scientists who say the move undermines the country's commitment to fighting climate change.

The Conservative government argues that extracting more fossil fuels from the North Sea will create jobs and strengthen UK energy security, and is less environmentally harmful.

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