Keir Starmer recently announced that the UK will grant no new licenses for oil and gas firms to drill in the North Sea if Labour wins the next election.
It’s a decision that would terminate the UK’s 60-year policy of offering up new areas of the North Sea for fossil fuel extraction. The Labour party has promised to clarify its energy policy later this month.
The plan has been criticised, for different reasons, by oil industry figures, union officials and politicians. But how consequential is it?
