The UK Labour Party’s upcoming energy strategy will focus on renewable energy as part of a move away from fossil fuels.
A party source, quoted in the Sunday Times, said that Labour will block new oil and gas developments and will only borrow investment for green energy schemes.
In addition, Shadow Work and Pensions Secretary Jonathon Ashworth told Sky News that more details will be revealed in coming weeks.
“We know we’ve got to move to more renewable sources of energy. It’s important for our climate change commitments, but it’s also the way in which we can bring energy bills down for consumers,” he said.
He added that in addition to wind and nuclear, a Labour government would also seek to invest in tidal energy.
Party leader Keir Starmer is expected to formally reveal the energy strategy next month in Scotland, according to the Sunday Times.