North Sea oil expansion would erase economic benefits via climate damage

Analysis published on 2026-08-25 shows that economic harm from CO2 pollution generated by the Rosebank and Jackdaw oil fields in the North Sea would far outweigh any economic gains from their development. The study forecasts that climate damage costs would obliterate the commercial benefits of new North Sea drilling.

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The economic damage caused by carbon pollution from oil and gas produced from developing the Jacdaw& Rosebank fields would be between £119bn and £336bn in the coming decades, compared with the £28.7bn

mastodon:mstdn-socialother35d ago kagi ↗

The economic damage caused by carbon pollution from oil and gas produced from developing the Jacdaw& Rosebank fields would be between £119bn and £336bn in the coming decades, compared with the £28.7bn in value to the UK. "The figures are likely to be underestimates, as they do not include losses from amplified extreme weather, sea level rise or climate deaths" # Jackdaw # Rosebank # Oil # Gas # UK

Climate damage would obliterate any economic benefits of new North Sea fields, analysis shows | Fossil fuels - Bytes Europe

stream:bsky-jetstreamother35d ago kagi ↗

Climate damage would obliterate any economic benefits of new North Sea fields, analysis shows | Fossil fuels https://www.byteseu.com/2305668/ The climate damage caused by developing the Rosebank and Jackdaw oil and gas fields under consideration by the UK government would destroy their economic … The climate damage caused by developing the Rosebank and Jackdaw oil and gas fields under consideratio

Climate damage from North Sea fields would outweigh economic gains, analysis finds

stream:bsky-jetstreamother35d ago kagi ↗

Developing the Rosebank and Jackdaw oil and gas fields under consideration by the UK government would cause climate damage that obliterates their economic benefits many times over, according to a new analysis. scienceofficial.org New analysis finds that the climate damage from developing the Rosebank and Jackdaw oil and gas fields would cost the UK between £119bn and £336bn, far exceeding the £28.