Theres something quite fitting about the nation that started the industrial revolution being one of the first major economies to move away from fossil fuels.
GongTzu on
Meanwhile in Murica, they will start the exploration in new areas, and wind and solar are neglected
ARobertNotABob on
Pointless when we now have minimal refining capacity/capability and gas storage.
PlatypusDifficult531 on
BP is still exploring for oil and gas.
NyriasNeo on
„to end new oil and gas exploration“
Lol .. so what? They don’t have to explore. There are plenty to burn from existing oil fields. Plus, they can buy it from other nations who still explore.
Don’t make it sounds like this is going to change the trajectory of climate change. „drill baby drill“ won in the world largest economy.
mixxituk on
Thanks for the memories, Dinosaurs
iamjackscoldsweater on
There are huge reserves in the north sea, instead the UK is opting to import oil on emergency tariffs due to renewable curtailment. Also now supported by recently being crowned the most expensive place in the world to develop nuclear power plants. Run by morons
ResultsPlease on
Shell is the 3rd largest UK company by market cap.
BP is the 11th. Both are absolutely still looking for and investing in new oil and gas projects as fast as they can.
Britains economy is supported by oil and gas, the entire country relies upon oil and gas, they just don’t want to start any more new projects in their own backyard. They would rather their oil and gas super majors do that in someone else’s.
I’m not sure that’s the grand dead the Uk government would have everyone believe it is.
Not for me but absolutely for thee.
lucidum on
Good job UK, that’s leadership. Nice to see you acting like the mature and thoughtful nation you have often shown yourselves to be.
kukkolka on
If Britain became the biggest economy I would have felt it by GBP exchange rate
elonsmodel3 on
They did this in New Zealand without the energy infrastructure to support it and now we have all time high gas and electricity prices.
RememberMeM8 on
Cause they explored enough to satisfy demand for a long time
Coral_Anne_Dawn on
Freezing winters and expensive gas ahead for brits
MrXJinglez on
I guess nobody has learned from what happened to Canada when they tried to weasel away from oil and gas, our economy fell into a deep recession almost depression levels.
__3269 on
UK is on the way to become the first nation to be deindustrialized. And people still wonder why demagogues and populists rise?
17 Kommentare
Theres something quite fitting about the nation that started the industrial revolution being one of the first major economies to move away from fossil fuels.
Meanwhile in Murica, they will start the exploration in new areas, and wind and solar are neglected
Pointless when we now have minimal refining capacity/capability and gas storage.
BP is still exploring for oil and gas.
„to end new oil and gas exploration“
Lol .. so what? They don’t have to explore. There are plenty to burn from existing oil fields. Plus, they can buy it from other nations who still explore.
Don’t make it sounds like this is going to change the trajectory of climate change. „drill baby drill“ won in the world largest economy.
Thanks for the memories, Dinosaurs
There are huge reserves in the north sea, instead the UK is opting to import oil on emergency tariffs due to renewable curtailment. Also now supported by recently being crowned the most expensive place in the world to develop nuclear power plants. Run by morons
Shell is the 3rd largest UK company by market cap.
BP is the 11th. Both are absolutely still looking for and investing in new oil and gas projects as fast as they can.
Britains economy is supported by oil and gas, the entire country relies upon oil and gas, they just don’t want to start any more new projects in their own backyard. They would rather their oil and gas super majors do that in someone else’s.
I’m not sure that’s the grand dead the Uk government would have everyone believe it is.
Not for me but absolutely for thee.
Good job UK, that’s leadership. Nice to see you acting like the mature and thoughtful nation you have often shown yourselves to be.
If Britain became the biggest economy I would have felt it by GBP exchange rate
They did this in New Zealand without the energy infrastructure to support it and now we have all time high gas and electricity prices.
Cause they explored enough to satisfy demand for a long time
Freezing winters and expensive gas ahead for brits
I guess nobody has learned from what happened to Canada when they tried to weasel away from oil and gas, our economy fell into a deep recession almost depression levels.
UK is on the way to become the first nation to be deindustrialized. And people still wonder why demagogues and populists rise?
https://www.economicsobservatory.com/how-has-deindustrialisation-affected-living-standards-in-the-uk
https://www.telegraph.co.uk/news/2025/10/26/british-manufacturing-decline-energy-acceleration/
They also have the most expensive energy in the world
Imagine if we just decided to build nuclear instead.