Get 40% Off
🚨 Volatile Markets? Find Hidden Gems for Serious Outperformance
Find Stocks Now

Greenpeace loses legal challenge to UK's new North Sea oil and gas licences

Published 19/10/2023, 12:32
© Reuters. FILE PHOTO: A general view shows the High Court in London, Britain March 27, 2023. REUTERS/Toby Melville/File Photo

LONDON (Reuters) -Britain's decision to authorise new licences for oil and gas exploration in the North Sea was lawful, London's High Court ruled on Thursday, dismissing a legal challenge by Greenpeace.

The environmental campaign group had argued Britain's failure to assess the greenhouse gases produced by consuming oil and gas – so-called end-use or downstream emissions – rendered its offshore energy plan unlawful.

But lawyers representing Britain's Department for Energy Security and Net Zero said at a hearing in July that ministers were not required to assess end-use emissions, though they nonetheless considered them.

Judge David Holgate rejected Greenpeace's case on Thursday, saying in a written ruling that the decision not to assess end-use emissions was not irrational.

A Department for Energy Security and Net Zero spokesperson welcomed the decision.

"The industry is critical to strengthening our energy security – unlocking new technologies such as carbon capture and hydrogen opportunities – and will reduce our reliance on imports while supporting hundreds of thousands of jobs and growing the economy," they said in a statement.

Greenpeace said it planned to appeal the ruling.

"If you told most people that the government is allowed to approve new oil and gas while ignoring 80% of the emissions it would produce, they simply wouldn’t believe you," Philip Evans, a climate campaigner at Greenpeace UK, said.

"This is completely irresponsible behaviour from ministers during a climate crisis."

Last year, Britain held its first oil and gas exploration licensing round since 2019, aiming to boost domestic hydrocarbon output as Europe weans itself off Russian fuel.

3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads .

Britain says domestic oil and gas production is key to its plan to improve energy security and that doing so is consistent with its target of net zero carbon emissions by 2050.

However, environmental campaigners argue further domestic production will contribute to climate change and fail to lower British households' energy bills.

Tessa Khan, Executive Director of campaign group Uplift, which was also involved in the case, said: "There is no public benefit from new licensing, only more profit for oil and gas companies."

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.