UK Considers Ban On New Offshore Oil Licenses ...Middle East

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UK Considers Ban On New Offshore Oil Licenses
The UK is exploring the option to ban new offshore oil and gas exploration licenses in what could be a radical move away from fossil fuels and part of the country’s net-zero and green recovery commitments, The Telegraph reported on Saturday. The UK became in 2019 the first industrialized nation to enshrine the net-zero ambition in a law. The government, as well as industry associations and other stakeholders, support the net-zero plan and call for a green recovery from the COVID-inflicted crisis that has hit the UK offshore…

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