Britain becomes the first major economy to ban new oil and gas licenses
The UK oil and gas ban makes Britain the first major economy to end all new fossil fuel exploration licensing, a milestone the Labour government under Keir Starmer delivered as a direct campaign promise. Existing North Sea fields will continue operating, but no new exploration licenses will be issued, foreclosing extraction that could have stretched decades into the future. The move aligns British policy with the International Energy Agency’s finding that new fossil fuel development is incompatible with 1.5-degree climate targets. Paired with an £8.3 billion public clean energy company, the decision sets a precedent other major producers are now watching closely.









