Around 41 percent of UK business leaders expect a rise in energy costs following the end of new North Sea oil and gas exploration grants, according to a survey conducted in 2024. The same 2024 survey also found that 17 percent of business leaders do not expect any drawbacks from this decision.
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Opinion of business leaders on the negative business impact of stopping new North Sea oil and gas exploration grants in the United Kingdom in 2024
Senior business decision makers. Multiple answers were possible.
Method of interview
Online survey
Supplementary notes
"What, if any, of the following do you think will be the main drawbacks of the [Labour’s] decision [to stop new licences for oil and gas exploration in the North Sea] for your business? Select all that apply."
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Public First. (November 24, 2024). Opinion of business leaders on the negative business impact of stopping new North Sea oil and gas exploration grants in the United Kingdom in 2024 [Graph]. In Statista. Retrieved June 28, 2025, from https://www.statista.com/statistics/1541545/uk-survey-on-negative-business-impact-of-north-sea-oil-licensing-end/
Public First. "Opinion of business leaders on the negative business impact of stopping new North Sea oil and gas exploration grants in the United Kingdom in 2024." Chart. November 24, 2024. Statista. Accessed June 28, 2025. https://www.statista.com/statistics/1541545/uk-survey-on-negative-business-impact-of-north-sea-oil-licensing-end/
Public First. (2024). Opinion of business leaders on the negative business impact of stopping new North Sea oil and gas exploration grants in the United Kingdom in 2024. Statista. Statista Inc.. Accessed: June 28, 2025. https://www.statista.com/statistics/1541545/uk-survey-on-negative-business-impact-of-north-sea-oil-licensing-end/
Public First. "Opinion of Business Leaders on The Negative Business Impact of Stopping New North Sea Oil and Gas Exploration Grants in The United Kingdom in 2024." Statista, Statista Inc., 24 Nov 2024, https://www.statista.com/statistics/1541545/uk-survey-on-negative-business-impact-of-north-sea-oil-licensing-end/
Public First, Opinion of business leaders on the negative business impact of stopping new North Sea oil and gas exploration grants in the United Kingdom in 2024 Statista, https://www.statista.com/statistics/1541545/uk-survey-on-negative-business-impact-of-north-sea-oil-licensing-end/ (last visited June 28, 2025)
Opinion of business leaders on the negative business impact of stopping new North Sea oil and gas exploration grants in the United Kingdom in 2024 [Graph], Public First, November 24, 2024. [Online]. Available: https://www.statista.com/statistics/1541545/uk-survey-on-negative-business-impact-of-north-sea-oil-licensing-end/
