The government's claim of bolstering the UK's energy security through new licenses doesn't stand up to scrutiny, the research released by the non-profit Energy and Climate Intelligence Unit (ECIU) said on Monday.
The reality is very little of the oil pumped from the North Sea is refined and sold on British soil, and even then the price is largely dictated by international markets, professor Gavin Bridge, fellow of the Durham Energy Institute at Durham University, said.
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