Nothing has been handed to anyone. The Multinational oil companies have spent millions putting together bids for licenses as I understand it, but idiot Miliband has just declared that none will be issued…..don’t defend the indefensible.
If this was the Green Party doing it, I could understand as they are raving nutters, but from a government that needs money to just throw away our natural resources is stupid in the extreme. The USA, Russia, China, Saudi, Iran etc etc will just sit back knowing that we will be buying from them, and causing much greater harm to the environment, as a result. Why not use what we have and invest the money in new green technology instead of just throwing it away…..