Ed Miliband willing to turn back on Net Zero in order to land job as Chancellor

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Ed Miliband is set to back drilling in the North Sea and turn his back on Net Zero if he is named Chancellor under incoming Prime Minister Andy Burnham.The Energy Secretary is understood to favour approving the Jackdaw development in the North Sea, located off the Aberdeen coast, in a move designed to reassure financial markets about his potential appointment to the Treasury.Industry insiders suggest Mr Miliband views the decision as an opportunity to signal his willingness to work with the City ahead of Andy Burnham's expected arrival in Downing Street next Monday.An insider told The Telegraph: "They want to do it.

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Ed Miliband sees it as a way of showing willing to the City but they are likely to follow the law." TRENDING Stories Videos Your Say However, Mr Miliband remains unable to publicly confirm his position until a public consultation period concludes in August.

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The insider added: "There is a public consultation that does not end until August 10 and if they announce anything...

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