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The Guardian - UK
The Guardian - UK
Environment
Sandra Laville, Oliver Milman, Nina Lakhani and Ajit Niranjan

Billionaire investor threatens to pull out of UK amid global outcry at new oil rush

Claymore oil drilling platform in the North Sea off the coast of Aberdeen, Scotland
Rishi Sunak has announced more than 100 new oil and gas drilling licences will be granted for the North Sea in the autumn. Photograph: Simon Price/Alamy

The billionaire Australian mining tycoon and investor Andrew Forrest has led international condemnation of the UK’s new oil rush, saying he would pull his major investment from the country if the prime minister pursued “clickbait” fossil fuel policies.

The iron ore magnate, who also runs the Minderoo Foundation philanthropic organisation, threatened to move his investments out of the UK over Rishi Sunak’s swivel towards new oil and gas drilling.

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