Will The UK Abandon North Sea Oil Exploration?

Following Denmark’s announcement to halt its North Sea production last week, activists and regulators are calling on the U.K. to do the same. Critics argue the withdrawal from North Sea production is necessary for Britain’s commitment to cut carbon emissions and tackle climate change to be achieved. However, with hundreds of thousands of jobs tied to U.K. production, this is not an easy feat.  In 2018/19, the U.K.’s annual government revenue from offshore oil and gas extraction from the North Sea was valued at £1.2…