Stay up to date with notifications from The IndependentNotifications can be managed in browser preferences.Jump to contentThank you for registeringPlease refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged inAllNewsSportCultureLifestyleSir Keir Starmer is reportedly facing pressure from cabinet ministers to reconsider Labour's opposition to new North Sea drilling amid economic concerns exacerbated by the war in Iran. Sir Tony Blair has also intervened, urging the prime minister to relax key green commitments and expand North Sea drilling, citing the UK's vulnerability to global fossil fuel shocks. Ministers and industry figures are challenging Sir Keir's claim that new drilling would not reduce domestic oil prices, arguing it could strengthen the pound and lower wider economic costs. Labour's manifesto pledges against new drilling are based on the belief it won't cut bills, ensure energy security, or mitigate the climate crisis. Climate experts, however, maintain that drilling the UK's remaining reserves will not lower prices or boost energy security, as oil and gas are priced on international markets and the North Sea is a mature basin. In fullStarmer ‘facing calls to rethink approach to North Sea drilling’ as oil prices spiralThank you for registeringPlease refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged in
Starmer ‘urged to reconsider North Sea drilling’ amid rising oil costs
Stay up to date with notifications from The IndependentNotifications can be managed in browser preferences.Jump to contentThank you for registeringPlease refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged inAllNewsSportCultureLifestyleSir Keir Starmer is reportedly facing pressure from cabinet ministers to reconsider Labour's opposition to new North Sea drilling amid economic concerns exacerbated by the war in Iran. Sir Tony Blair has also intervened, urging the prime minister to relax key green commitments and expand North Sea drilling, citing the UK's vulnerability to global fossil fuel shocks. Ministers and industry figures are challenging Sir Keir's claim that new drilling would not reduce domestic oil prices, arguing it could strengthen the pound and lower wider economic costs. Labour's manifesto pledges against new drilling are based on the belief it won't cut bills, ensure energy security, or mitigate the climate crisis. Climate experts, however, maintain that drilling the UK's remaining reserves will not lower prices or boost energy security, as oil and gas are priced on international markets and the North Sea is a mature basin. In fullStarmer ‘facing calls to rethink approach to North Sea drilling’ as oil prices spiralThank you for registeringPlease refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged in
