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Study Finds Rosebank Climate Damage Far Exceeds Benefits

8/25/2026

Summary

Story summary

The UK government faced analysis that climate damage from Rosebank and Jackdaw fields dwarfs projected economic benefits.
The study put carbon damage at £119 billion-£336 billion versus £28.7 billion projected UK value.
Rosebank’s production accounts for roughly 88 % of the projected climate damage.
Prof. Ian Bateman (University of Exeter) said leaving oil in the ground offers an overwhelming economic case.
Former energy secretary Ed Miliband called the Rosebank proposal climate vandalism.

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Story summary

The UK government faced analysis that climate damage from Rosebank and Jackdaw fields dwarfs projected economic benefits.
The study put carbon damage at £119 billion-£336 billion versus £28.7 billion projected UK value.
Rosebank’s production accounts for roughly 88 % of the projected climate damage.
Prof. Ian Bateman (University of Exeter) said leaving oil in the ground offers an overwhelming economic case.
Former energy secretary Ed Miliband called the Rosebank proposal climate vandalism.