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The Guardian - UK
The Guardian - UK
Business
Alex Lawson and Jillian Ambrose

North Sea oil and gas: what is the new licensing scheme, and will it cut bills?

The Total Culzean platform in the North Sea, about 45 miles east of Aberdeen
The Total Culzean platform in the North Sea, about 45 miles east of Aberdeen. Up to 100 new licences could be approved in the latest round of applications. Photograph: Andy Buchanan/AFP/Getty Images

The government has confirmed its plans to grant new North Sea oil and gas licences every year at the opening of parliament, deepening a political fault line between the Conservatives and Labour, and angering environmental campaigners who argue it undermines efforts to reach net zero. Here, we examine the move.

What has been announced?

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