Energy Secretary Claire Coutinho has given the go-ahead for the development of a controversial new oilfield near the Shetland Islands despite massive opposition from green campaigners and the Scottish government.
Equinor—which is developing Rosebank along with Ithaca—said it will be able to produce 8 percent of Britain’s oil needs by 2030.
She said, “The jobs and billions of pounds this is worth to our economy will enable us to have greater energy independence, making us more secure against tyrants like [Russian President Vladimir] Putin.”
Rosebank Will ‘Underpin our Energy Security’
But Ms. Coutinho said, “We will continue to back the UK’s oil and gas industry to underpin our energy security, grow our economy, and help us deliver the transition to cheaper, cleaner energy.”The Rosebank field contains up to 350 million barrels of oil and is one of the largest untapped discoveries in British waters.
Equinor said the £3.1 billion field could produce 69,000 barrels of oil per day between 2026 and 2030 and produce 44 million cubic feet of gas every day.
It will create 450 permanent jobs and another 1,600 in construction.
But Scotland’s First Minister Humza Yousaf wrote on X, formerly known as Twitter, “I’m disappointed Rosebank has been given the go-ahead.”
He said: “We’ve raised concerns that the majority of what is extracted from Rosebank will go overseas, not remain in Scotland or the UK. We’re investing £500 million so workers and industry transition from fossil fuels to a net zero future.”
‘Scotland Will Remain on the Right Side of History’
“Scotland will remain on the right side of history and demonstrate climate leadership,” he added.Scotland’s former First Minister Nicola Sturgeon said she agreed with Green Party MP Caroline Lucas, who has described the decision to go ahead with Rosebank as the “greatest act of environmental vandalism in my lifetime.”
Ms. Sturgeon wrote on X: “Also, by consuming scarce resources that could be going to renewables, it risks slowing the green transition and the jobs that come from it. That’s not in interests of those who work in oil and gas, they need that transition to happen at pace.”
The UK government’s regulator, the North Sea Transition Authority, has granted development and production consent.
The Labour Party has said it would not revoke Rosebank’s licence if it wins the next general election.
Shadow business and trade secretary Jonathan Reynolds told Sky News, “We don’t support Rosebank, we think the priority for the country should be transitioning away from fossil fuel partly because of the volatility of the price of fossil fuels.”