Khan urges Burnham on climate action
Analysis based on 6 articles · First reported Aug 08, 2026 · Last updated Aug 16, 2026
The potential approval of new North Sea oil and gas projects could affect UK energy policy and the valuation of related assets, with implications for the oil and gas industry. The political uncertainty and climate policy direction may influence investor sentiment in the UK energy sector.
London mayor Sadiq Khan has publicly urged Prime Minister Andy Burnham's government to reaffirm its commitment to net zero and reduce the UK's reliance on oil and gas, amid a summer of extreme weather. The intervention comes as the government faces a decision on whether to approve new North Sea drilling projects, specifically the Jackdaw gas field and the Rosebank oil field, which were previously approved but paused after legal challenges. Energy Secretary Miatta Fahnbulleh is expected to decide on these projects after emissions consultations conclude. The Labour Party's manifesto pledged to halt new licences, but Burnham has remained non-committal, saying he would be 'pragmatic'. The issue has created tension within the Labour Party, with MPs concerned about voter backlash and the rising Green Party, while opposition leader Kemi Badenoch argues for drilling to address energy security. Economist Nicholas Stern, Baron Stern of Brentford has warned that new drilling would harm growth and energy security.
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