Ithaca May Halt UK Investment Without Rosebank Approval
Ithaca Energy warns it will halt further British investments unless the government approves the Rosebank oilfield. The $3.8 billion project remains stalled following legal challenges from climate activists.
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ITHACA ENERGY PLC may halt investment in the United Kingdom if regulators fail to clear its $3.8B North Sea Rosebank project, chair Yaniv Friedman said on Tuesday morning. The $3.8B development stalled after climate activist challenges overturned its initial approval. Halting the UK investment threatens the firm's domestic production pipeline.
