Britain should back the North Sea if it wants energy security and net zero

Britain must decide between bolstering domestic energy production or relying on imports, writes David Whitehouse. The UK still requires oil and gas, but the question is whether to produce more domestically or import from abroad. Jackdaw and Rosebank represent significant opportunities to strengthen domestic production while maintaining energy security and lowering emissions.

Oil and gas currently meet around 75% of current UK energy needs, and Jackdaw could provide over six percent of UK gas supply during winter, equivalent to heating around 1.4 million homes. Rosebank offers another major opportunity to augment domestic production as demand persists. More than £3 billion has already been invested in these projects, with total anticipated investment reaching £10.8 billion.

Over their operational lifetimes, they could contribute £28.7 billion to the UK economy and generate £1.4 billion in tax revenues. More than 170 UK supply chain companies are already involved, supporting around 3,500 peak construction jobs, 880 long-term jobs during production, and 125 apprenticeships. Approving Jackdaw and Rosebank would demonstrate commitment to the transition to net zero while maintaining industrial strength and supply chain capabilities needed for tomorrow's energy system.

It would also send a strong message about the UK's ability to sustain jobs, tax revenues, and energy security. The alternative is increased dependence on imports, weakened domestic capabilities, and less influence over the emissions linked to the energy we consume.