North Sea can deliver £110bn bonanza for UK: Ambitious deal ‘crucial’ to protect oil industry
By Mark Lammey
February 4, 2019, 6:54 amUpdated: February 4, 2019, 8:59 am
An “ambitious” oil and gas sector deal will be crucial to protect the north-east’s status as a global energy powerhouse, a new report said.
The Scottish Affairs Committee (SAC) said opportunities presented by a pact between the oil industry and the UK Government were “too significant to be overlooked”, and urged Westminster to agree a deal.
It believes a well-executed plan could help industry capitalise on its strengths and address several challenges, including climate change and declining North Sea production.