Largest untapped UK oil field approved for development amid environmental backlash
Publishing timestamp: 2023-09-27 04:44:01
Summary
British regulators have given approval for Equinor to develop the controversial Rosebank field in the North Sea. The project has faced public backlash due to environmental concerns. The UK government has granted permission for Equinor and Ithaca Energy to proceed with the project, which is expected to create significant investment and recoverable resources. Activists have criticized the decision, stating that it goes against climate commitments.
Sentiment: MIXED
Keywords: ithaca energy inc, oil and gas, climate, energy, equinor asa, business news,