UK Bans New Drilling in North Sea

Editor's note: Shortly after we published this article, the Department for Energy Security and Net Zero denied reports that Ed Miliband has banned the North Sea oil regulator from issuing any outstanding drilling and exploration licences, calling them “a complete fabrication”. Energy Secretary Ed Miliband has enacted an immediate ban on new North Sea oil drilling licenses, overriding departmental officials and setting the stage for potential legal confrontations with oil companies. This decision halts the expected approval of new drilling…