Greg Jackson urges Labour to exploit North Sea oil as UK ‘stares down barrel’ of energy price shock

cityam

Mar 05

Octopus boss Jackson urged the government to allow exploration in the North Sea. Octopus founder and government adviser Greg Jackson has urged Labour to “use what’s available” in the North Sea and ...

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Octopus founder and government adviser Greg Jackson has urged Labour to “use what’s available” in the North Sea and ...</p>\n\n<a href=\"https://www.cityam.com/greg-jackson-urges-labour-to-exploit-north-sea-oil-as-uk-stares-down-barrel-of-energy-price-shock/\">Source Link</a>\n\n</div>\n","source":"cityam_highlight","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Greg Jackson urges Labour to exploit North Sea oil as UK ‘stares down barrel’ of energy price shock</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nGreg Jackson urges Labour to exploit North Sea oil as UK ‘stares down barrel’ of energy price shock\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-03-05 19:30 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cityam.com/greg-jackson-urges-labour-to-exploit-north-sea-oil-as-uk-stares-down-barrel-of-energy-price-shock/><strong>cityam</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Octopus boss Jackson urged the government to allow exploration in the North Sea. Octopus founder and government adviser Greg Jackson has urged Labour to “use what’s available” in the North Sea and ...</p>\n\n<a href=\"https://www.cityam.com/greg-jackson-urges-labour-to-exploit-north-sea-oil-as-uk-stares-down-barrel-of-energy-price-shock/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"SCO","symbol_name":"二倍做空彭博原油指数ETF","start_time":0,"source_url":"https://www.cityam.com/greg-jackson-urges-labour-to-exploit-north-sea-oil-as-uk-stares-down-barrel-of-energy-price-shock/","article_id":"2617354951","we_media_id":null,"thumbnails":["https://www.cityam.com/wp-content/uploads/2026/01/Greg-jackson-octopus.jpg?w=824&h=463&crop=1"],"rights":{"source":"cityam_highlight","url":"https://www.cityam.com/greg-jackson-urges-labour-to-exploit-north-sea-oil-as-uk-stares-down-barrel-of-energy-price-shock/","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2617354951","pubTimestamp":1772710211,"columns":[],"sourceInfo":{"source_id":"cityam_highlight","name":"cityam"},"weMediaInfo":null,"summary":"Octopus boss Jackson urged the government to allow exploration in the North Sea. Octopus founder and government adviser Greg Jackson has urged Labour to “use what’s available” in the North Sea and rethink its key net zero policies.Jackson said the county was “staring down the barrel” of an energy price shock in light of the conflict in the Middle East.The Octopus chief executive who is also a member of the industrial strategy advisory council and has shared close ties with key government figures including business secretary Peter Kyle, warned “economic damage” from the crisis was imminent.He called on the UK government to ditch “wishful thinking” and “ideology” in order to keep prices stable and the economy afloat.","collect":0,"end_time":0,"defaultTopTitle":"cityam.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"SCO":"二倍做空彭博原油指数ETF","BK4570":"地缘局势概念股","DUG":"二倍做空石油与天然气ETF(ProShares)","BK4588":"碎股","BK4585":"ETF&股票定投概念","XLE":"SPDR能源指数ETF"},"translate_title":"格雷格·杰克逊敦促工党开采北海石油，因为英国“关注”能源价格冲击","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"XLE":1.5,"DUG":1.5,"SCO":0.6},"content_text":"Octopus boss Jackson urged the government to allow exploration in the North Sea. Octopus founder and government adviser Greg Jackson has urged Labour to “use what’s available” in the North Sea and rethink its key net zero policies. Jackson said the county was “staring down the barrel” of an energy price shock in light of the conflict in the Middle East. The Octopus chief executive who is also a member of the industrial strategy advisory council and has shared close ties with key government figures including business secretary Peter Kyle, warned “economic damage” from the crisis was imminent. He called on the UK government to ditch “wishful thinking” and “ideology” in order to keep prices stable and the economy afloat. \n\n“Global gas prices have doubled since Iran effectively closed the Strait of Hormuz, and UK wholesale electricity prices are up about 50pc,” Jackson wrote in The Telegraph.\n\n\n\n\n\n\nNews Updates\nStay ahead with our three daily briefings delivering all the key market moves, top business and political stories, and incisive analysis straight to your inbox.\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n“Hikes in energy prices are bad enough, but they feed through to inflation, which in turn raises interest rates, compounding the economic damage.”He added: “We should use what’s available from the North Sea. While the price is set globally, there’s no point shipping gas from the other side of the world when we have it here.Jackson also suggested that subsidy costs and “expensive distractions” including carbon capture and hydrogen projects should be stripped from energy bills.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}