UK To Rely On Oil And Gas Despite Net-Zero Pledge

Domestic oil and gas production will continue to play an important role in the UK’s energy mix, despite the commitment to net-zero emissions by 2050, Prime Minister Boris Johnson said on Tuesday. While the UK is pushing to build out more offshore wind capacity, it will continue to allow new oil and gas projects in the UK North Sea as it looks to cater to its energy security. The past few months have shown that Europe and the UK cannot go without natural gas, while Britain has seen a cost-of-living crisis unfold with energy bills soaring and…