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Archive for the ‘UK’ Category

The UK Energy and Climate Change Committee has released its report entitled “UK Deepwater Drilling – Implications of the Gulf of Mexico oil spill.” We’ll post the report as we get a link.

Here’s the gist:

A moratorium on oil drilling in deep waters off Britain would undermine the country’s energy security, according to a report by lawmakers published on Thursday in response to the BP spill disaster last year.

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Greenpeace Photo

Despite protests, the UK has approved Chevron’s exploratory well in 1640′ of water west of the Shetland Islands.

It was a choice between producing oil and gas here in U.K. waters, where we have one of the most robust safety and regulatory regimes in the world, with all the economic benefits that will bring, or paying to import oil and gas from elsewhere. UK Department of Energy and Climate Change statement

It’s pretty hard to argue with that logic.

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