Equinor Warns UK 'Uninvestable' Without New Oil and Gas Fields

· Energy · United Kingdom · Norway

Equinor warned it may shun further investments in the UK if new oil and gas fields at Rosebank and Jackdaw are not approved, saying the country risks being 'uninvestable'. The warning underscores tensions between energy companies and the UK government over fossil fuel development. Separately, ministers are planning a major intervention to cut energy bills for poorer households in this month's budget, after forecasts showed bills rising by hundreds of pounds, with officials working on radical changes to how much energy companies can charge customers.

Why it matters：The standoff over fossil fuel investment and efforts to cap energy bills illustrate how climate policy, energy security and consumer costs are colliding in Europe.

Key points

  • Equinor warned it may skip further UK investment without approval of Rosebank and Jackdaw.
  • It said the UK risks being 'uninvestable'.
  • Ministers plan a budget intervention to cut energy bills for poorer households.

Sources (original reporting)

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