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UK Energy Secretary Vetoed Plan to Boost Oil Output for Defense Funds

UK Energy Secretary Ed Miliband has vetoed a plan by the Treasury to boost North Sea oil and gas drilling in order to fund part of Britai…

Source OilPrice AI Summary Updated 2h 32m ago

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UK Energy Secretary Ed Miliband has vetoed a plan by the Treasury to boost North Sea oil and gas drilling in order to fund part of Britain’s increased defense funding needs, The Telegraph reported on Thursday, citing a government source. As the UK plans to increase funding for military programs and rearmament amid heightened geopolitical tensions, the Treas…

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