The government has approved 27 new oil drilling licences in the North Sea Despite the obvious benefits for our energy security, the usual eco-zealots are predictably unhappy The government should play hardball with those who want to see Britain run on rainbows and tantric chants Source - Capx -30/10/23 Link Pragmatists who recognise that there is no chance whatsoever of the UK weening itself off oil and gas by 2028 have welcomed the approval of 27 new drilling licenses in the North Sea. The enthusiasm with which companies like Shell have snapped up the new licenses is surely a riposte to worries that the 75% windfall tax on energy companies would undermine investment. The diversification of supply will reduce our dependency on imports, improve our energy security, and create revenue for the Treasury, which in turn can be used for purposes like investment in a lower carbon future. Win-win-win. However, not everyone is happy. The usual suspects have been out in force, ...