Labour Plan to Block All New North Sea Oil Projects Could Cost Scotland £6 billion Say Conservatives

An oil platform stands amongst other rigs which have been left in the Cromarty Firth near Invergordon in the Highlands of Scotland, on Feb. 15, 2016. Andrew Milligan/PA

The Scottish Conservative Party has claimed that UK Labour’s plan to stop all new oil and gas projects will cost Scotland £6 billion.

At the weekend, the Sunday Times Of London reported that Britain’s opposition leader Sir Keir Starmer was close to announcing a block on new developments if Labour came to power, alongside plans to boost investment in renewables.