- cross-posted to:
- energy
- cross-posted to:
- energy
cross-posted from: https://feddit.uk/post/14502575
Ed Miliband has ordered an immediate ban on new drilling in the North Sea in a decision that overrules his own officials and risks triggering a wave of legal action. In an unusual intervention into what is typically an apolitical process, the Energy Secretary has told regulators not to approve a new round of drilling that was slated for confirmation in the coming weeks. His decision to block the licences means that companies will have wasted millions of pounds on preparing their bids, with experts warning they are likely to take legal action as a result.
Ah, that’s what I feared. And I can’t really blame them for it, too high litigation risk and they might end up having to pay those shitty companies compensation for lost profits or some non-sense like that.