Oil and gas firms urged to work towards net zero British North Sea
(The Guardian, 3 Dec 2020) Report calls on oil and gas extraction to be phased out and jobs switched to clean energy.
The UK’s North Sea oil and gas industry should agree to phase out production through a series of five-year targets to help its 260,00 strong workforce migrate to clean energy sectors, according to a report.
The plan would require the UK and Scottish governments to scrap a controversial policy that calls on North Sea companies to extract as much oil and gas as they can from the ageing basin.
It would also call on oil company chief executives to take on extra environmental obligations, which would determine their end-of-year bonuses.
The report, by the IPPR thinktank, found that a new net zero deal, which kept North Sea oil and gas in the ground while channelling investment towards low-carbon industries, could secure jobs and help the UK lead by example ahead of the UN climate crisis talks in Glasgow next year.