THE UK North Sea oil and gas industry remains under heavy scrutiny amid government efforts to balance climate goals while ensuring affordable and secure energy supplies for householders. Late last week, the government's independent climate advisors wrote to Business & Energy Secretary Kwasi Kwarteng, outlining their views on government proposals to introduce a so-called "climate compatibility checkpoint" to ensure any new oil and gas licensing is in line with legally binding objectives on the UK to become a carbon neutral economy by 2050. It comes as climate groups demand an end not only to new licensing, but also to the startup of any new developments, even ones already licensed but not yet fully approved.
展开▼
