Mike Reader

Mike Reader

Labour — Northampton South

Speaking in the House of Commons on 24 March 2026

Debate

Oil and Gas

Contribution

I have found this debate quite fascinating. What nonsense from the Conservatives! We are watching a party rip itself up as it worries about more defections to Reform, and Conservative Back Benchers parrot the lines of their Front Benchers. We know from media coverage that the Conservatives are promoting people to the Front Bench based on their social media clout, so I look forward to many more one-liners and AI-generated speeches as they all try to get to the front. We have heard arguments that sound less like a plan for Britain and much more like they are straight from the Reform playbook, talking down our country and creating more uncertainty and worry for families across the UK. To be clear, I fiercely oppose further oil and gas exploration in the North sea. Expanding new drilling would not address the pressures that families face right now, and it would not give our country long-term energy security and sovereignty. In fact, it would exacerbate the problem. There is a claim that we can simply turn the drilling on, that billions of pounds are available right now without any Government subsidy, and that, all of a sudden, we will get more oil. That is a fairytale—it is nonsense. Drilling and expansion is expensive. The best supplies are already tapped out. Profiteering drillers and exploiters are honest about this. There are other places around the world where they would much prefer to drill, to make much bigger profits for their stakeholders. Drilling is not a magical solution that will benefit British families. Even if North sea fields were opened today, as the motion proposes, the UK would still depend on imported gas by 2050, but it would make up 94% rather than 97% of the total. It would make almost zero impact on our long-term energy security. Let us consider the two projects mentioned in the motion. Jackdaw would reduce import dependence by roughly 2%, with the UK continuing to be heavily reliant on international supplies. Rosebank would reduce oil dependence by around 1%, and all that oil would be destined for exports, not for the pumps.

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