An analysis indicates that the climate damage from developing the Rosebank and Jackdaw oil and gas fields could exceed their economic benefits by a significant margin. Estimated economic harm from carbon pollution ranges from £119 billion to £336 billion, while the projected value to the UK is only £28.7 billion, according to the fossil fuel company Adura promoting the fields.
As the UK government deliberates on Rosebank and Jackdaw, stakeholders should monitor the growing opposition from climate advocates and Labour MPs. The economic implications of fossil fuel reliance versus clean energy investments will be crucial in shaping future energy policies.