Study: UK heat pumps and insulation would cut bills more than Rosebank

Insulating homes and investing in heat pumps would be more effective in reducing living costs, creating jobs, and boosting the economy than drilling for new oil.

Heat pumps & insulation would cut living costs more than new oil fields Isn't it strange how Andy Burnham's "pragmatic" approach to the North Sea involves doing exactly what fossil fuel lobbyists want? No party is serious about dealing with the cost of living unless they also tackle climate change

New research from E3G out today once again showing that getting off fossil fuels lowers bills and improves quality of life www.theguardian.com/environment/...

New analysis by thinktank E3G suggests that the £15bn warm homes plan - currently under threat - would slash £1bn a year from UK household energy bills, concentrated on those on low incomes, provide a £1.6bn yearly boost to the economy, and create 50,000 new jobs, vs Rosebank's projected 1,100 jobs.

‘Warm homes plan would create 50,000 jobs, compared with about 1,100 for Rosebank oilfield’

Viciously dishonest article in the Guardian. TLDR, it rebrands a Green Party policy as though it were Labour's and fails to mention that the decision to go ahead with fossil fuel production in the N Sea was "postponed" because of the Holborn & St Pancras byelection.

It’s obvious where we should be investing for the future. www.theguardian.com/environment/...

'... profits from Rosebank for its backers, Equinor, Shell and Ithaca Energy, could be £1.5bn over its 25-year lifespan, the UK government Https://www.theguardian.com/environment/2026/oct/18/heat-pumps-insulation-warm-homes-plan-beat-new-oilfields-cutting-uk-cost-of-living-study?CMP=share_btn_url

'The government’s £15bn warm homes plan, currently under threat of cuts as ministers seek budget savings, would slash £1bn a year from household energy bills across the UK, concentrated on those on low incomes, according to research by the thinktank E3G.'

This 💯 Insulating Britain’s homes and investing in heat pumps would do more to cut the cost of living, create jobs and boost the UK’s economy than drilling for new oil, research suggests. www.theguardian.com/environment/...

This is just one of those obvious, common-sense actions for the government to take. They probably won’t, though, because of how much money the fossil fuel lobby gives to the Labour Party. www.theguardian.com/environment/...

Yes, but then 3 oil men won’t get even richer! www.theguardian.com/environment/...

Andy Burnham would do well to ignore pressure from vested interests and ban all further drilling in the North Sea. There are no overall benefits for the UK and green initiatives are much wiser and economical. #Greensky #ClimateAction @greenpeaceuk.bsky.social www.theguardian.com/environment/...

“Decommissioning costs for drilling platforms are also a major factor: taxpayers are likely to be asked for £12bn as the North Sea’s infrastructure is dismantled.” www.theguardian.com/environment/...

50,000 new jobs across the country vs 1,100 purely local ones. £1bn cut from household fuel bills vs £0. Now let’s see which one they go for… www.theguardian.com/environment/...