Aberdeen residents view the Jackdaw gasfield approval as a vital lifeline to sustain local jobs and economic stability, even if it won’t restore the city’s past oil boom.
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Few believe decision will bring back city’s boom years, but workers hope it will keep as many North Sea jobs for nowUK approves Jackdaw gasfield in North SeaWhat does the UK’s approval of the Jackdaw gasfield mean?As recently as 2012, Aberdeen boasted the highest concentration of millionaires in the UK. An ATM reportedly had the highest withdrawal rate in Europe in the 90s, as oil and gas wealth flowed through the city. House prices skyrocketed in the scramble for space as fossil fuel firms transformed the city’s grand granite houses into company offices. But that was then.Today, “for sale” and “to let” signs punctuate the city’s main thoroughfares. Disposable income in Aberdeen has fallen by nearly 20% between 2013 and 2023 – more than any other large UK city – after a 2014 oil price shock sparked a brutal reversal in Aberdeen’s fortunes. Continue reading...
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The Jackdaw gasfield approval sparks political conflict, pitting government energy pragmatism against environmental groups’ accusations of fossil fuel lobbying influence.
Funding for Stratford International upgrades will enable cross-Channel services, finally allowing the station to fulfill its intended role as a major international rail hub.
Funding for Stratford International upgrades will enable cross-Channel trains, transforming the station into a major international rail hub.