Equinor warns UK investment halt over delayed oil and gas field approvals.
Context
What happened: Equinor warned it may stop investing in the UK if new oil and gas fields at Rosebank and Jackdaw are not approved. CEO Anders Opedal said the company would "have to take a hard view" if drilling is rejected.
Key numbers: Rosebank is about 80 miles north-west of the Shetland Islands and may hold up to 500 million barrels.
Why it matters: The UK government must decide on final approval, with Energy Secretary Miatta Fahnbulleh responsible. Uplift's Tessa Khan said new drilling "won't cut our bills" and called it a "bad deal for Britain.