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Britain approves controversial new North Sea oil field despite climate concerns

  • UK regulators have approved the development of Rosebank, the country's largest untapped oil field.
  • The operators expect Rosebank to produce around 300 million barrels of oil and create thousands of jobs.
  • Environmentalists criticize the decision as undermining climate goals and "morally obscene."
  • The government defends the approval as strengthening energy security during the transition to renewables.
  • Production at the $3.8 billion project is slated to begin between 2026-2027.
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