UK Approves Jackdaw Gas Field Amid Rosebank Rejection and Budget Pressures
UK Prime Minister Andy Burnham approved the Jackdaw gas field in the North Sea, prioritizing energy security over climate pledges. Energy Secretary Miatta Fahnbulleh is likely to reject the larger Rosebank oil field, citing export focus and carbon emissions. Chancellor John Healey’s upcoming Budget will cut regulations to support businesses, despite rising inflation and borrowing costs.