FEW can argue against the destination the long-awaited North Sea Transition Deal is proposing. However, the landmark agreement, announced last week, appears short on detail on how to get there. Industry and government, including Business & Energy Secretary Kwasi Kwarteng, hailed the deal as a "transformative" package that sets the stage for new investment to help operators cut operational carbon emissions and kick-start hydrogen and carbon capture projects, while also safeguarding 40,000 jobs across the supply chain. It is intended to cut greenhouse gas emissions by up to 60 million tonnes in total by 2030, including 15 million tonnes from the production of oil and gas on the UK continental shelf.
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