Ed Miliband's Net Zero blitz driving investment of 'Britain's greatest industrial asset' abroad
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The North Sea is one of Britain's "greatest industrial assets" — but an increasingly polarised fight over its future is driving investment abroad, experts have warned.
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It means the sector is suffering a brain drain of expertise, even though the very same skills are needed to drive the renewables market, as Labour pledges to ban any new licences for oil and gas drilling to alleviate "the worsening climate crisis".Research revealed more than nine in ten companies believe the North Sea has a viable long-term future, but only if Whitehall "introduces the right fiscal and regulatory frameworks".
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However, after the Energy Independence Bill was announced in the King's Speech earlier this month, Energy Secretary Ed Miliband stated: "After the second fossil fuel crisis in half a decade, our clean power mission is the only way to bring down bills for good and take back control of our energy." TRENDING Stories Videos Your Say Drilling at Rosebank, the UK's largest untapped oil field, and...
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