Rishi Sunak is right to hedge his bets on oil and gas
It is quite right that the Prime Minister has chosen to approve new licences for oil and gas extraction in the North Sea, in spite of the bitter reaction from climate activists, the Labour party – and some of his own MPs. Chris Skidmore, who just recently completed a review of net zero policies on behalf of the government, said this week that the decision to award new licences ‘is on the wrong side of the future economy that will be founded on renewable and clean industries and not fossil fuels’. Yet the Prime Minister is not retrenching on investment in renewable energy; he is hedging the government’s bets. While
