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Analysis says climate damage outweighs benefits of UK North Sea fields
The analysis estimates carbon pollution from the proposed Rosebank and Jackdaw fields would drive economic damage far larger than any projected gain from developing them.
An analysis highlighted by the Guardian Business argues that the climate costs of developing the Rosebank and Jackdaw oil and gas fields in the UK North Sea would far outweigh any economic benefits.
The outlet says the forecast economic harm from CO2 pollution would destroy the fields' purported advantages many times over, based on its assessment of the carbon pollution tied to the projects.
The Guardian Business frames the conclusion as a direct comparison between the economic upside of new field development under consideration by the UK government and the much larger projected damage from emissions.