UK set for GBP21 bil of oil, gas investment if ‘cliff-edge’ transition avoided: OGUK

摘要

UK upstream oil and gas investment could total GBP21 billion ($29 billion) to 2025, encompassing more than a dozen projects in the next two-three years if the authorities avoid a “cliff-edge” energy transition that shuts down the industry, industry group Oil & Gas UK said Sept. 1. Unveiling its annual economic report, OGUK warned against following those European countries that are ending support for the sector, saying ditching the industry would increase energy imports while “doing nothing to cut demand or emissions.”