Berliner Boersenzeitung - Scottish court rules against two new North Sea oil and gas fields

EUR -
AED 4.294567
AFN 74.242338
ALL 95.860889
AMD 433.652521
ANG 2.092694
AOA 1073.305184
ARS 1638.767571
AUD 1.631336
AWG 2.107444
AZN 1.986399
BAM 1.954234
BBD 2.355139
BDT 143.504399
BGN 1.950308
BHD 0.441243
BIF 3478.305015
BMD 1.169178
BND 1.491705
BOB 8.110501
BRL 5.827244
BSD 1.169328
BTN 111.153934
BWP 15.873281
BYN 3.30755
BYR 22915.891865
BZD 2.352215
CAD 1.593064
CDF 2707.816505
CHF 0.916367
CLF 0.027099
CLP 1066.547693
CNY 7.98578
CNH 7.986603
COP 4361.2099
CRC 531.671706
CUC 1.169178
CUP 30.983221
CVE 110.662554
CZK 24.398879
DJF 207.78623
DKK 7.473272
DOP 69.707804
DZD 154.806756
EGP 62.57652
ERN 17.537672
ETB 183.648675
FJD 2.570789
FKP 0.860774
GBP 0.863946
GEL 3.139237
GGP 0.860774
GHS 13.088963
GIP 0.860774
GMD 85.937627
GNF 10262.466446
GTQ 8.937043
GYD 244.653963
HKD 9.158698
HNL 31.13474
HRK 7.534534
HTG 153.036614
HUF 365.157386
IDR 20331.949681
ILS 3.442055
IMP 0.860774
INR 111.375502
IQD 1531.623385
IRR 1537469.275437
ISK 143.353461
JEP 0.860774
JMD 184.222386
JOD 0.828981
JPY 183.784251
KES 151.034235
KGS 102.210142
KHR 4690.742595
KMF 491.637764
KPW 1052.260338
KRW 1727.402304
KWD 0.360142
KYD 0.974619
KZT 542.475323
LAK 25678.079953
LBP 104525.964223
LKR 373.677382
LRD 214.690352
LSL 19.677233
LTL 3.452279
LVL 0.707224
LYD 7.406735
MAD 10.81141
MDL 20.133867
MGA 4857.935526
MKD 61.637522
MMK 2454.981542
MNT 4181.7709
MOP 9.436139
MRU 46.708364
MUR 54.671139
MVR 18.069677
MWK 2036.126585
MXN 20.462017
MYR 4.621806
MZN 74.721833
NAD 19.677188
NGN 1603.949136
NIO 42.931959
NOK 10.847749
NPR 177.844215
NZD 1.99043
OMR 0.449529
PAB 1.169563
PEN 4.099145
PGK 5.065466
PHP 72.231513
PKR 325.908073
PLN 4.257971
PYG 7270.174526
QAR 4.259337
RON 5.195239
RSD 117.403067
RUB 87.677711
RWF 1707.584697
SAR 4.386985
SBD 9.38367
SCR 16.052975
SDG 702.088912
SEK 10.858506
SGD 1.492807
SHP 0.87291
SLE 28.819962
SLL 24517.076868
SOS 668.182785
SRD 43.79273
STD 24199.627276
STN 24.728118
SVC 10.233756
SYP 129.223397
SZL 19.677487
THB 38.233949
TJS 10.947228
TMT 4.097969
TND 3.373663
TOP 2.815101
TRY 52.829897
TTD 7.943635
TWD 37.036091
TZS 3034.017205
UAH 51.532108
UGX 4388.601394
USD 1.169178
UYU 47.102258
UZS 14027.799564
VES 571.661183
VND 30795.56805
VUV 138.873557
WST 3.174539
XAF 655.431813
XAG 0.016083
XAU 0.000259
XCD 3.159762
XCG 2.107911
XDR 0.813315
XOF 652.988275
XPF 119.331742
YER 278.995087
ZAR 19.661833
ZMK 10524.00789
ZMW 21.900452
ZWL 376.474889
  • RBGPF

    0.5000

    63.1

    +0.79%

  • CMSC

    -0.0100

    22.87

    -0.04%

  • JRI

    -0.0500

    12.93

    -0.39%

  • BCC

    -3.8000

    74.33

    -5.11%

  • AZN

    -1.2800

    183.46

    -0.7%

  • RIO

    -1.9500

    98.63

    -1.98%

  • BCE

    -0.0300

    23.93

    -0.13%

  • NGG

    -0.9800

    87.5

    -1.12%

  • BTI

    -0.3600

    58.35

    -0.62%

  • GSK

    -0.7100

    50.9

    -1.39%

  • RYCEF

    -0.3000

    16

    -1.88%

  • RELX

    0.0100

    36.36

    +0.03%

  • CMSD

    -0.0300

    23.25

    -0.13%

  • VOD

    -0.1000

    16.05

    -0.62%

  • BP

    0.5300

    46.94

    +1.13%

Scottish court rules against two new North Sea oil and gas fields
Scottish court rules against two new North Sea oil and gas fields / Photo: ANDY BUCHANAN, ANDY BUCHANAN - AFP/File

Scottish court rules against two new North Sea oil and gas fields

A Scottish court on Thursday ruled against the development of two oil and gas fields in the North Sea in a "historic win" for two environmental groups.

Text size:

Scotland's Court of Session agreed with campaign groups Uplift and Greenpeace and ruled that the previous UK government's approvals for the multi-billion pound Rosebank and Jackdaw fields were unlawful as they did not consider the carbon emissions the projects would indirectly generate.

Judge Andrew Stewart, who presided over the judicial review, said he had considered all the circumstances and concluded in favour of granting "reduction", a legal term for revoking approval.

"The public interest in authorities acting lawfully and the private interest of members of the public in climate change outweigh the private interest of the developers," Stewart said.

Shell, which owns the Jackdaw gas condensate field 155 miles (250 kilometres) east of the Scottish city of Aberdeen, and Equinor, the majority owner of Rosebank oil field 145 kilometres off the Shetland Islands, will now have to resubmit their environmental impact assessments.

The decision follows a ruling by the UK Supreme Court in June that greenhouse gas emissions indirectly generated by a business -- known as Scope 3 or downstream emissions -- must be taken into account.

As a result the government, which has a binding commitment to achieve net-zero carbon emissions in the UK by 2050, will be obliged when it reassesses the project to consider the emissions generated by burning extracted oil and gas, not just those that come from the extraction process.

The oilfields were approved by the previous Conservative government, but the Labour government that came into power in July said it would not contest the Scottish court case in light of the Supreme Court ruling.

The oil companies also acknowledged during the four-day hearing in November that the Supreme Court ruling meant the fields were unlawful.

- 'New path' -

Stewart ordered that no oil or gas be extracted from the fields until the government makes its decision, but both companies can still work on the projects to "deal with the practical issues of construction and engineering prior to re-consideration".

"This is a historic win -- the age of governments approving new drilling sites by ignoring their climate impacts is over," said Philip Evans, senior campaigner at Greenpeace UK.

"The courts have agreed with what climate campaigners have said all along: Rosebank and Jackdaw are unlawful, and their full climate impacts must now be properly considered."

Shell argued during the hearing that stopping work was "a highly complex process, with significant technical and operational issues now that infrastructure is in place".

Production had been due to start this year, with Shell saying it would provide enough fuel to heat 1.4 million UK homes.

Equinor said the development would create jobs and be vital for UK energy security.

Rosebank is the UK's largest untapped oil field, estimated to contain up to 300 million barrels. Drilling had been due to begin between 2026 and 2030.

Equinor said it was investing £2.2bn ($2.7 billion) in Rosebank, while Shell's lawyer said it was investing £1.1bn in the Jackdaw gas field.

"Today's ruling rightly allows work to progress on this nationally important energy project while new consents are sought," said a Shell spokesman.

Evans said the government "should use this moment to set out a new path" by "creating a renewable energy system".

At the same time, governments in oil-generating countries like Scotland are wary of the shorter term risks of job losses in the sector.

(K.Müller--BBZ)