Rishi Sunak Backs New UK Oil, Gas Exploration Amid Cost-of-Living Crisis in UK
News 18Prime Minister Rishi Sunak has backed plans to permit new fossil fuel exploration off Britain’s coast, as he pledged to be “pragmatic and proportionate” about achieving net zero in an interview published Saturday. “I think it makes absolutely no sense, as the Labour Party is suggesting, to ban North Sea oil and gas,” Sunak told the Tory-supporting newspaper, referring to waters off Britain’s east coast. “But it’s also going to put at risk 200,000 jobs across something like 30 different sectors of the economy and also threaten £80 billion worth of tax revenue.” Sunak, who became leader last October, said his approach was “to support the UK’s energy industry” and appeared to suggest that not exploiting new UK oil and gas reserves risked “the lights going out” in Britain. Swedish climate campaigner Greta Thunberg on Friday called the UK government “out of touch from reality” after energy minister Grant Shapps said officials would look to “max out” North Sea reserves.