Edward Miliband, a Labour Party figure who has drawn attention tipped for the chancellor’s role, has signaled he would approve the Jackdaw gas project in the surrounding waters off Aberdeen.
The sign‑off the approval is viewed as a stage to lock in the Treasury posting.
Miliband told the Telegraph that London’s principal markets still view him as the least appealing candidate for the chancellorship.
The Jackdaw field, presently operated by Spirit Energy, is located near Aberdeen and is the under ongoing development plans that are being pursued.
Independent observers observe the project’s output would leave no measurable mark on global emissions.
Spirit Energy maintains the development will not materially influence climate change.