Study: UK heat pump investment cuts costs more than new oilfields

Research by thinktank E3G found that insulating homes and deploying heat pumps would reduce household energy bills by £1bn annually while creating 50,000 jobs, far exceeding the economic benefits of the Rosebank oilfield development.

First covered Oct 17, 2026 · 11:00 PM PT · 1 article · no longer in the live window

Study: UK heat pump investment cuts costs more than new oilfields — Image via theguardian.com

Coverage

24d Guardian Environment Heat pumps and insulation would cut UK living costs more than new oilfields, study suggests — Warm homes plan would create 50,000 jobs, compared with about 1,100 for Rosebank oilfield, thinktank finds Insulating Britain’s homes and investing in heat…

More coverage from around the web

aol.co.uk Heat pumps and insulation would cut UK living costs more than new oilfields, study suggests - AOL

biztoc.com Heat pumps and insulation would cut UK living costs more than new oilfields, study suggests

ithacaenergy.com Rosebank

equinor.com The Rosebank field to progress in the UK - Equinor

caunceohara.co.uk Is Rosebank really a positive for the energy sector?

Discussion

Bluesky: @fionaharvey.bsky.social Fiona Harvey · 23d ago · 45 ♥ Insulating homes better for people, cost of living and UK economy than drilling new oilfield www.theguardian.com/environment/...

Appeared in: 2026-10-18 (#1) · 2026-10-19 (#4)

← Back to the brief