Sky News Daily Drill, Kemi, drill! Are Tory oil and gas plans a load of hot air?
Sep 2, 2025
In this engaging discussion, Paul Kelso, a business correspondent for Sky News, and Professor Paul de Leeuw, an energy sector veteran, tackle Kemi Badenoch's proposal to reinvigorate North Sea oil and gas drilling. They explore the potential economic benefits against the backdrop of net-zero targets and climate commitments. The conversation delves into the UK's shifting energy policies and the challenges of transitioning to renewable sources while addressing household energy costs. Experts share insights on the industry's reaction and the balance needed between economic growth and sustainability.
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North Sea Reserves Are Limited
- Kemi Badenoch proposes ending the ban on new North Sea licences to maximise domestic extraction.
- Paul Kelso says remaining reserves are small, hard to extract, and not game-changing for energy supply.
Domestic Output Won't Cut Bills
- Extracting UK oil and gas keeps jobs and generates tax revenue but won't lower consumer bills.
- Paul Kelso explains produced oil typically enters global markets where prices are set.
Energy Politics Shift After Ukraine
- Political shifts since the Ukraine invasion have pushed parties to rethink net zero timing and energy costs.
- Kelso notes Conservatives moved from 'go slower to the same place' to a less-certain destination.