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Badenoch to Propose Overhaul of North Sea Regulator to Maximise Oil and Gas Extraction

Labour argues fresh licences would not cut household bills.

Overview

  • The Conservative leader is expected to make “maximising extraction” the central goal for the North Sea and to scrap other mandates if the party wins power.
  • The plan would remove “transition” from the North Sea Transition Authority and replace its 12-page remit with a directive to extract the maximum possible oil and gas.
  • Badenoch is set to outline the proposals in an Aberdeen speech on Tuesday, citing weak output data, high energy prices and Norway’s approach as justification.
  • The Labour government says it will not issue new licences to explore new fields because they would not reduce bills and would worsen the climate crisis.
  • Offshore Energies UK supports greater domestic production for jobs and security, while former Conservative ministers caution that a Trump-style “drill” agenda could alienate voters.