UK: New net zero requirement for UK oil and gas industry
16 Dec 2020
A revised Strategy from the Oil & Gas Authority has been submitted for laying in the UK parliament, featuring for the first time an obligation on the oil and gas industry to support the UK’s net zero target
Oil and gas are expected to remain a vital part of the UK’s energy mix for the foreseeable future, and the landmark Strategy positions the UK Continental Shelf (UKCS) as a key enabler for the transition towards net zero carbon
The onus is on industry to step up efforts to reduce emissions from existing and new production; support game-changing carbon capture and storage projects; and help unlock clean hydrogen production