Rosebank: The Clue's in the Name!

Although its government claims that giving a go-ahead for the Rosebank project will improve the UK's fuel security, it's really everything to do with banking profits. Shetland's Rosebank oil field will be exploited by Oslo-listed Equinor and the British firm Ithaca. This project will yield circa 500 million barrels of oil over its lifetime. That oil, although in UK waters, will not be UK property. Oil and gas will simply go on to the International market, before some of it's imported back into the UK. Most of the refining of extracted crude, will take place elsewhere (Norway and the Netherlands). The UK certainly won't be given a discount or even any priority, because it supplied the hydrocarbons (https://www.theguardian.com/business/2023/sep/27/uk-gives-go-ahead-to-develop-rosebank-oil-and-gas-field-in-north-sea). Most environmentalists, the Scottish parliament and even some Westminster Conservatives, regard Rosebank's go-head as a very bad move. It will only ratchet-up 'greenhouse gas' emissions even further. UK drivers of petrol and diesel cars, will not get their fuel any cheaper. It also seems highly unlikely the exploiting oil companies will use any of their substantial profits to ameliorate climate change. The best advice still is to 'leave it in the ground'.