SUNDAY MAIL EXCLUSIVE: Rosebank will be owned and operated by a firm set up by the authorities in Norway.
The Rosebank oilfield off Shetland – touted as the key to Britain’s energy security – will be owned and operated by a Norwegian government firm.
Prime Minister Rishi Sunak announced Rosebank was getting the green light last week saying it would provide “energy security for the UK”. Equinor said: “We acknowledge there is public debate about our Rosebank oil and gas field in the UK and we respect the differing views. Nevertheless, we believe there are sound and rational reasons for developing Rosebank.
Scottish Lib Dems said: “Ordinary households struggling with their energy bills will be disappointed to learn that the UK Government are choosing to hand out multi-billion pound tax breaks to oil and gas giants. “Three-quarters of the money invested in the development is going directly to the UK’s economy, giving it a £6billion boost, then 75per cent of all profits from the field will flow directly to the UK exchequer providing a huge boost to the UK economy.”
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