Burnham faces climate test over North Sea oil decision

Why it matters

The UK prime minister's decision on controversial North Sea oil projects has notable implications for energy markets and climate policy, affecting investors and regulators, but it is primarily a political and environmental decision rather than a direct credit-market event.

Sources

• Financial Times

  Burnham faces climate test over North Sea oil decision

  Prime minister expected to approve development of controversial Rosebank and Jackdaw projects