UK Enforces Stricter Environmental Rules on North Sea Fossil Fuel Projects
The UK imposes stringent environmental regulations on North Sea oil and gas projects, impacting Shell and Equinor developments. New rules require consideration of downstream emissions, aligning with the country's net-zero goals by 2050. Energy Minister Ed Miliband will evaluate project compatibility with climate targets.
Britain has introduced stricter environmental regulations for North Sea oil and gas projects, impacting companies like Shell and Equinor. This decision aims to account for downstream emissions from fuel use, as announced by the UK Department for Energy Security and Net Zero.
The new rules follow a Scottish court's ruling that approvals for two projects, Shell's Jackdaw and Equinor's Rosebank, were unlawful. Both firms are now reviewing the updated guidance to resume their development plans.
Energy Minister Ed Miliband will determine if these projects align with Britain's environmental targets towards net-zero emissions by 2050. Environmental groups celebrate this move as a win for climate accountability.
(With inputs from agencies.)
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