Managed Approval Proceeds

The most likely path is that the Labour government frames Jackdaw as a transitional energy-security project while directing the £2bn wealth fund toward green infrastructure. Shell proceeds under tighter environmental conditions, and the decision becomes a precedent for case-by-case North Sea approvals rather than a broad fossil-fuel expansion.

Each figure is the modeled move of the S&P 500 if the outcome occurs. For information only. Not investment advice.