The decision restores a project that a Scottish court previously blocked due to the project's impact on the climate. While officials intend to boost energy security and reduce reliance on imports, the move has drawn criticism from environmental groups and some Labour MPs. The government's next regulatory test is the approval of the Rosebank oilfield project.
Wednesday, October 21, 2026
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UK Approves Jackdaw Gas Field and Unveils £2B Wealth Fund
Commodities3 hours ago
Natural gas extraction will begin at Shell's North Sea site following a fresh authorization from ministers. The British government has approved drilling at the Jackdaw gas field, located about 150 miles east of Aberdeen, and simultaneously launched a £2B sovereign wealth fund. Production starts later this month because the facility is effectively already constructed, minimizing the delay between approval and output.
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