UK approves development of Jackdaw gasfield in North Sea
Summary
The UK government has approved the development of the Jackdaw gasfield in the North Sea to increase natural gas supply and improve energy security. The project is expected to start supplying energy by the end of the month and will raise UK gas production by about 6 percent at its peak, while the government also launched a fund to invest in renewable energy.Key Facts
- The Jackdaw gasfield is located off the coast of Scotland in the North Sea.
- The UK government expects it to increase the country’s gas production by about 6% at its peak.
- Energy Minister Miatta Fahnbulleh said the project aims to improve energy security, not to lower household energy bills.
- The UK government has created a New Energy Wealth Fund with an initial £2 billion to support renewable and low-carbon energy projects.
- The fund will be financed partly by tax revenues from North Sea oil and gas production.
- Prime Minister Andy Burnham said the project will protect jobs and help keep homes warm without stopping progress on renewable energy targets.
- Some political leaders and environmental groups criticized the approval, saying it continues dependence on fossil fuels and harms climate goals.
- Greenpeace described the decision as influenced by fossil fuel lobbyists and opposed to cutting reliance on oil and gas.
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