Skip to main content
‘How long can we put off the inevitable?’
Ministers urged to nationalise North Sea fossil fuels to prevent massive taxpayer bailout and a just transition when the reserves run dry

MINISTERS have been urged to nationalise North Sea oil and gas production to prevent a massive taxpayer bailout when reserves run out in 14 years time.

Unite urged ministers to “step up” today after experts warned it would “be reckless in the extreme” not to act to avoid a catastrophic cliff-edge collapse of the industry.

A report by the Common Wealth think tank warned that the government has about 14 years to act before reserves run out at current production levels.

Support the Morning Star
You have reached the free limit.
Subscribe to continue reading.
tototototototdo
More from this author
tototototototdo
Britain / 28 March 2025
28 March 2025
Government must take action, union warns: ‘We can’t go on with billionaires getting ever richer whilst working people suffer’
Similar stories
tototototototdo
Britain / 25 November 2024
25 November 2024
tototototototdo
Britain / 13 September 2024
13 September 2024
North Sea oil and gas licences may be ruled unlawful after High Court bans new coalmine