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A group of MPs has condemned the government’s plan to maximise oil and gas production in the North Sea as “political theatre”, warning it contradicts agreements made on the international stage.

At the weekend, 30 cross-party MPs and peers wrote to the energy security secretary, asking her “in the strongest possible terms to withdraw” the Offshore Petroleum Licensing Bill, which is to be debated in the commons later.

Sir Alok Sharma, the former cabinet minister who ran the COP26 climate summit in Glasgow in 2021, did not sign the letter, but today also criticised the bill.

Speaking on the Today programme, he called it a “smoke and mirrors” exercise that reinforces the perception that the UK is “rowing back from climate action”.

Caroline Lucas MP, chair of the All-Party Parliamentary Group on Climate Change (Climate APPG), which organised the letter, said the bill would “do nothing to deliver energy security, or reduce household bills, but will threaten the delivery of our climate and nature targets”.

According to government figures, 80% of oil extracted in the UK is exported.

The bill would require the industry regulator, the North Sea Transition Authority (NSTA), to run annual licencing rounds for new oil and gas projects.

The government says this would increase investor confidence and make the UK more energy-independent, as well as generating funds for public services or the switch to cleaner energy.

But the NSTA in September said the bill was “not necessary”.

It already has the power to issue licences as often as it likes – and there have been annual licensing rounds for most of the past decade.

The letter today called the bill – announced last year as the government re-set its climate stance – a piece of “political theatre”.

The signatories said the government should instead be “increasing the supply of low-cost renewables and implementing energy efficiency measures, both of which would genuinely lower consumer bills and have strong public support”.

“New oil and gas licensing rounds will have very little impact on the UK’s energy supply and security, primarily because most of the UK’s gas has already been burned,” it said.

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‘Those in power don’t give a s***’

Offshore bill ‘diametrically opposed’ to COP28 pledge

The letter is signed largely by MPs from the Labour party, which has pledged to stop granting new oil and gas projects.

Former Conservative environment Minister Zac Goldsmith, deputy leader of the Liberal Democrats, Daisy Cooper MP, and former government net zero tsar, Chris Skidmore MP also added their names to the list.

Chris Skidmore announced on Friday he would resign early over the bill, saying: “I can no longer stand by. The climate crisis that we face is too important to politicise or to ignore.”

In December, as the UK rounded out its second-warmest year on record, the UK signed a pledge at the COP28 climate summit to “transition away” from fossil fuels.

“But this bill, and the government’s commitment to “max out” the North Sea’s declining oil and gas reserves, is
diametrically opposed to that agreement,” the letter added.

The government’s climate advisors, the Climate Change Committee (CCC) said in June that although the UK “will need some oil and gas” until it reaches its net zero emissions target, “this does not in itself justify the development of new North Sea fields”.

A department for energy security and net zero (DESNZ) spokesperson said the UK will “still need oil and gas for decades to come, even when we reach net zero in 2050”.

They added: “It makes sense to make the most of our domestic supply, rather than shipping in liquefied natural gas with four times the emissions than domestically produced gas.”

“These new licenses will not increase carbon emissions above our legally binding carbon budgets, but will provide certainty for industry, support 200,000 jobs and bring in tens of billions of tax that we can invest in the green transition and support people with cost of living. “

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NY Attorney General files lawsuit to recoup $2.2M in crypto lost to job scam

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NY Attorney General files lawsuit to recoup .2M in crypto lost to job scam

Victims in New York were promised “well-paying, flexible jobs,” only to be tricked into a crypto scam, according to New York Attorney General Letitia James.

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Crypto to ‘Banana Singularity,’ Bybit halts India services, and more: Hodler’s Digest, Jan. 5 – 11

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Crypto to ‘Banana Singularity,’ Bybit halts India services, and more: Hodler’s Digest, Jan. 5 – 11

Real Vision co-founder and CEO Raoul Pal says crypto is heading for ‘Banana Singularity,’ Russia seizes $10M in Bitcoin, and more: Hodler’s

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Kemi Badenoch calls on Sir Keir Starmer to sack Tulip Siddiq over property allegations

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Kemi Badenoch calls on Sir Keir Starmer to sack Tulip Siddiq over property allegations

Conservative Party leader Kemi Badenoch has called on Sir Keir Starmer to sack Treasury minister Tulip Siddiq over allegations she lived in properties linked to allies of her aunt, Sheikh Hasina, the deposed prime minister of Bangladesh.

It comes after the current Bangladeshi leader, Muhammad Yunus, said London properties used by Ms Siddiq should be investigated.

He told the Sunday Times the properties should be handed back to his government if they were acquired through “plain robbery”.

Tory leader Ms Badenoch said: “It’s time for Keir Starmer to sack Tulip Siddiq.

“He appointed his personal friend as anti-corruption minister and she is accused herself of corruption.

“Now the government of Bangladesh is raising serious concerns about her links to the regime of Sheikh Hasina.”

Ms Siddiq insists she has “done nothing wrong”.

Her aunt was ousted from office in August following an uprising against her 20-year leadership and fled to India.

Ms Siddiq is also named with her aunt in Bangladesh court documents about meetings with the Russian government.

Kemi Badenoch
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Tory leader Kemi Badenoch has called on Sir Keir to sack the minister

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As economic secretary to the Treasury, Ms Siddiq is responsible for policy on both the City and tackling corruption.

She referred herself to the prime minister’s ethics watchdog on Monday following the reports about the properties.

On the same day, the prime minister said: “Tulip Siddiq has acted entirely properly by referring herself to the independent adviser, as she’s now done, and that’s why we brought into being the new code.

“It’s to allow ministers to ask the adviser to establish the facts, and yes, I’ve got confidence in her, and that’s the process that will now be happening.”

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