Edward Miliband, a Labour Party figure who is often mentioned tipped for the chancellor’s role, has implied he would approve the Jackdaw gas project in the nearby basin off Aberdeen.
The sign‑off this decision is seen as a step to guarantee the Treasury posting.
Miliband told the Telegraph that London’s key markets still regard him as the least favoured candidate for the chancellorship.
The Jackdaw field, as of now operated by Spirit Energy, is situated close to Aberdeen and is the part of ongoing development plans that are being pursued.
Independent observers observe the project’s output would leave an insignificant mark on global emissions.
Spirit Energy asserts the development will not substantially change climate change.