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Energy Secretary Rejects North Sea Exploration Amid Crisis

3/6/2026

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Summary

Story summary

Energy Secretary Ed Miliband rejected calls to increase North Sea oil and gas exploration amid rising prices tied to Iran.
Miliband said the climate crisis poses a greater long-term threat to UK security than energy supply issues.
Chancellor Rachel Reeves is considering replacing the energy profits levy, a proposal critics say would hamper domestic production amid rising gas prices from the Middle East crisis.

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Story summary

Energy Secretary Ed Miliband rejected calls to increase North Sea oil and gas exploration amid rising prices tied to Iran.
Miliband said the climate crisis poses a greater long-term threat to UK security than energy supply issues.
Chancellor Rachel Reeves is considering replacing the energy profits levy, a proposal critics say would hamper domestic production amid rising gas prices from the Middle East crisis.