Edward Miliband, a Labour Party figure who is often mentioned tipped for the chancellor’s role, has signaled he would approve the Jackdaw gas project in the offshore area off Aberdeen.
The sign‑off this decision is viewed as a step to secure the Treasury posting.
Miliband told the Telegraph that London’s major markets still see him as the least appealing candidate for the chancellorship.
The Jackdaw field, currently operated by Spirit Energy, is positioned by Aberdeen and is the part of ongoing development plans that are slated for approval.
Independent observers say the project’s output would leave no measurable mark on global emissions.
Spirit Energy asserts the gas field will not significantly affect climate change.