Shapps: It’s irresponsible not to grant oil and gas licenses
It would be "irresponsible" not to grant new oil and gas licences in the North Sea, Grant Shapps has said. The Energy Security Secretary pointed out that expanding the licences aligns with the Intergovernmental Panel on Climate Change's goals of limiting global warming to 1.5 degrees Celsius. Shapps stressed that securing these licenses is both compatible with the nation's energy needs and a crucial step towards meeting climate objectives, making it a sensible and rational decision. Report by Covellm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
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00:00 We've decided we're going to back 100 new oil and gas licenses to protect people at home who are still by and large using gas to heat their home and driving their cars. And although we're seeing this transition to electric petrol it's still very very important. Now you can't just wish that away. What you've got to do is actually work out where you're going to get it from.
00:20 What this government said what I'm saying is we would rather make sure that we are producing it here and doing it in a much cleaner way than importing it from abroad. By the way with about four times as much CO2 if we were to do that.
00:33 The global IPCC this is the international body that says what we need to do to meet net zero as a globe by 2050 says we need to reduce by 4 percent a year our reliance on oil and gas.
00:46 Even if we dig every single available bit of oil and gas which is feasible to dig out we would still have a 7 percent reduction in the United Kingdom from our domestic oil and gas.
00:57 So there it is. The arguments are absolutely slam dunk. And I think for people whose jobs rely on oil and gas for the billions of pounds that we get an income from it and for the fact that we would import it if we weren't digging ourselves and therefore do vastly more damage to the environment.
01:13 It is simply irresponsible not to grant these oil and gas licenses. Sadly that's what Labour say they would do.