We are currently way off track to limit warming to 1.5°C, which is deemed the safest, liveable temperature rise still possible. Burning the fossil fuels in existing projects will push us past this target. Adding new developments like Rosebank will push us closer to parts of our world becoming uninhabitable.
Governments must begin phasing out fossil fuel infrastructure now, including the UK, which is the second biggest oil and gas producer in Europe. We cannot let them approve any more oil and gas projects, including Rosebank.
Right now, most of us are locked into using fossil fuels and forced to pay extortionate heating and fuel bills, all the while knowing that the UK has the best renewable resources in Europe that could supply us with affordable, less polluting energy. Meanwhile, companies like Shell and Equinor tell us – and our government – that change isn’t possible (yet), while they continue to rip us off.
We should be winding down production of oil and gas while making sure that workers and impacted communities are not left behind – this is what’s called a ‘just transition’.
People want change: not the same rip-off energy system where oil giants walk off with massive profits while we’re left with higher bills, declining jobs and a worsening climate crisis. It’s time for a rapid and just transition to homegrown clean affordable energy that prioritises community and justice.
UK Treasury Set to Lose £250m on Rosebank Oil Field While Norway Makes Billions, New Analysis Warns
The UK government is on track to make a net loss of over £250 million from the controversial Rosebank project, according to new analysis from WWF Norway. The findings cast serious doubt on the economic rationale for approving one of the UK’s largest undeveloped oil fields — and raise major questions about the balance of risk and reward between taxpayers and fossil fuel companies.
7 Reasons to stop Equinor’s Rosebank oil field
Rosebank won’t boost British energy security or cut bills - yet UK taxpayers will foot most of the cost, while the profits go to Equinor and its partner Ithaca Energy. Equinor’s reckless gamble on Rosebank threatens not only the climate, but the company's reputation too.
