Jacob Rees-Mogg, who now oversees the UK government department responsible for energy and climate change, recently called to extract 'every last drop' of oil and gas from the North Sea
but is still sitting on. That could be quickly published and used as justification to lift the fracking moratorium.
However, Venables says: “Approving new oil and gas licences in the North Sea, or once again wasting millions of taxpayer money on a doomed-from-the-start fracking mission, won’t bring down bills or improve UK energy security.” Gas prices are set internationally, and fracking is unlikely to yield any significant volumes any time soon: around a decade of past exploration and government support in the UK failed to produce any gas for homes and businesses.
Rees-Moggs’s apparent caveat-free enthusiasm for further North Sea oil and gas production also puts him potentially at odds with the government’s advisers, the Climate Change Committee. In February,the UK government tighten tests to decide whether new projects are compatible with climate targets. John Gummer, chair of the Climate Change Committee and a former Conservative party cabinet minister, says: “I’m sure he will look at the facts and will continue very much the attitudes and programmes of his predecessor [Kwasi Kwarteng, the new chancellor]. Mrs Thatcher would say this is about the facts, that’s why she she was so tough about climate change and that’s what the facts are — so we better get on with it.
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