Scottish Leader Urges UK Government to Reassess Oil and Gas Licenses, Including Shell's Cambo
August 12 2021 - 8:45AM
Dow Jones News
By Jaime Llinares Taboada
Nicola Sturgeon, the First Minister of Scotland, on Thursday
called on the U.K. Government to reassess oil and gas licenses,
including Royal Dutch Shell PLC's Cambo oil project, in light of
what she described as "the heightened risk [of] the climate
emergency."
In a letter to U.K. Prime Minister Boris Johnson, Ms. Sturgeon
said his government should reassess licenses already issued but
where field development hasn't started yet. This would include
Cambo, where Shell holds a 30% stake in partnership with operator
Siccar Point Energy Ltd.
In addition, she asked the U.K. Government to enhance the
climate conditionality associated with offshore oil and gas
production.
Ms. Sturgeon's requests follow the publication of a report from
the UN Intergovernmental Panel on Climate Change. The Scottish
leader said that, given the urgency of the climate challenge,
decisions and investments should support the development of energy
alternatives to oil and gas while securing a just transition for
the industry.
"The Cambo project is controversial because it would produce up
to 170 million barrels of oil from 2025 to 2050, which would be
equivalent to running 18 coal-fired power stations for a year,"
Greenpeace said in a statement.
Ms. Sturgeon's requests could also affect other projects such as
Hurricane Energy PLC's Lincoln, Shell's Jackdaw, and BP PLC's Clair
South, the environmental organization said.
Write to Jaime Llinares Taboada at jaime.llinares@wsj.com;
@JaimeLlinaresT
(END) Dow Jones Newswires
August 12, 2021 08:36 ET (12:36 GMT)
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