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I'm John Batsu with my friend and colleague Joseph Sternberg, editorial board of the Wall

Street Journal. He writes the political economics column. He's in London, and we're going

to London now, for a surprising headline. This is the London Times. Rishi Sunack unveils

new norse oil drilling and carbon capture scheme as it happened. At least a hundred

new oil and sea gas licenses will be issued as PM says banning everything is not the

answer to climate change. Joe, what? What's happened to Net Zero? Where did it go? Is this

the same story in the UK that left the Brexit, that left the European Union as it is in

Germany, that stayed in the European Union, the cost of suddenly come home and they're

frightened?

Yeah, common sense is breaking out all over all of a sudden in the UK now. I mean, the

proximate cause for this is actually something that you and I discussed recently, John,

which was the surprising bi-election result in Boris Johnson's old parliamentary seat in

London. This happened a couple of weeks ago, and the story there was that the conservative

party barely held on to the seat when labor had been expected to win big. And the specific

reason for that was that voters were protesting against the Labor Party mayor of London's

...