Boris Johnson said he wants to keep North Sea oil and gas flowing to help tackle the rising cost of living, and urged companies to boost investment.
The prime minister’s comments underscore the contortions forced upon UK energy policy by the inflation crisis and Russia’s invasion of Ukraine. The government is breaking climate pledges made as host of the COP26 conference in December by mounting a £5 billion tax raid on the oil and gas industry that will subsidize fuel consumption and incentivize drilling.
