Sir Tony Blair has piled pressure on Andy Burnham to back new North Sea drilling after his think-tank called for Rosebank and other key projects to proceed.
A new report by the Tony Blair Institute (TBI) calls for the Labour government to adopt ‘a serious energy strategy’ by giving the green light to Rosebank, off Shetland, and establishing ‘a stable policy and fiscal framework for further commercially viable North Sea projects’.
It also warns that delaying new projects ‘risks accelerating the basin’s decline’ and will ‘close off investment opportunities tomorrow’.
It also said that Wednesday’s Budget should set out ‘a predictable fiscal framework
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