'Incompatible': Climate targets render billions of barrels of North Sea oil 'unextractable', analysis claims

Michael Holder
clock • 6 min read
An offshore oil production platform in North Sea | Credit: iStock
Image:

An offshore oil production platform in North Sea | Credit: iStock

Fresh analysis from UCL argues oil and gas extraction from the North Sea would have to fall year on year in order to align with 1.5C, but the government remains steadfast in support for the sector

Development of further oil and gas fields in the North Sea would be "incompatible" with the goals of the Paris Agreement, with up to ten billion barrels of oil and six billion barrels of gas "unextractable"...

To continue reading this article...

Join BusinessGreen

In just a few clicks you can start your free BusinessGreen Lite membership for 12 months, providing you access to:

  • Three complimentary articles per month covering the latest real-time news, analysis, and opinion from Europe’s leading source of information on the Green economy and business
  • Receive important and breaking news stories via our daily news alert
  • Our weekly newsletter with the best of the week’s green business news and analysis

Join now

 

Already a BusinessGreen member?

Login

More on Energy

Vattenfall inks deal to sell UK electricity distribution business

Vattenfall inks deal to sell UK electricity distribution business

Swedish state-owned firm to divest UK electricity distribution arm to Eclipse Power in deal with wholly-owned subsidiary of the Octopus Sky Fund

Stuart Stone
clock 18 November 2025 • 3 min read
Global clean energy investment hits record $2.4tr in 2024

Global clean energy investment hits record $2.4tr in 2024

New IRENA study confirms renewables investment continues to smash records, but is still well short of levels required to meet global climate goals

James Murray
clock 18 November 2025 • 3 min read
Study: Renewables rollout could trigger 'perfect political storm' without constraint cost shake-up

Study: Renewables rollout could trigger 'perfect political storm' without constraint cost shake-up

Success of Clean Power 2030 mission depends on using renewables ‘intelligently’, not just building more capacity, report warns

Stuart Stone
clock 17 November 2025 • 6 min read